Nifty is forming a bearish engulfing pattern on the daily time frame chart, and the price also declined from the control line of the parallel channel.
If the price sustains below the previous trading session, we can see a bearish move for the following targets: 17008 - 16867 - 16760.
Previous chart:
Selling Targets:
TP 1: done
TP 2: done
If the price sustains below the previous trading session, we can see a bearish move for the following targets: 17008 - 16867 - 16760.
Previous chart:
Selling Targets:
TP 1: done
TP 2: done
Trade closed: target reached
Nifty reached the first target of 17008.Note
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.