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TechnicalGurukul
Mar 20, 2019 8:25 AM

NIFTY50 Amazing trade setup ahead.  

Nifty 50 IndexNSE

Description

NIFTY seems to be on a good bull run from a few weeks.
If the candle closes below the blue line short it with the target in the green box & long if closes above the blue line
It is also forming a bearish channel & the blue line which is the resistance can make it move further down unless we see a sign of buyers

Comment

RSI has already formed 3 triple tops & now may move downward while on
MACD the curve is turning down & the lighter candles on the macd suggest that the buyers are also decreasing.

Comment

Target Done Guys!!!

Trade closed: target reached

Done.
New idea published aswell
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