Nifty is trading inside the range, failing to break either sides. Hourly candles faced rejection topside
Nifty is ready to break, as the price is converging inside a symmetrical triangle.
Did Nifty just confirm the new lower high? Nifty suffered strong selling at 16000, which happens to be the key level in terms of horizontal and trendline resistnce. Weekly timeframe confirms the same...
Nifty suffered strong selling at the top of the bearish flag formation, closing inside the previous resistance zone. Did not move an inch above 16000. Very little shorts covered at the key level 15780.
Nifty closed above 15700 (with Volume breakout), a key level which happened to be the low price of March and was holding the level duing the second week of June. If the price breaks 15900, gap filling might occur till 16200. It is still not clear though as the down trendline comes in between the levels.
15780 acted as a key level for the past week and today too. Finally the price broke the level and closed above it.
Nifty closed at 15750, failing to break below. May be this is a trap or still sideways to break the strong level 15200. If it manages to break, next key level is 14400
Nifty still indecisive with weekly closing 17750. It is stupid to rely on trends for now, better to trade based on horizontal levels
S&P 500 waiting for an impulse move, i guess. Thats what it looks like
14200to 14400 seems like a better support zone. Now that thw montly closing at 15780, more down the price goes further down.
Broke the key level 15780 and went back in. Just a volatile expiry. Should've sticked with closing small profits. Ended up in red after the fake breakout...
Short on retesting 15780. Small momentum capture for the day
Nifty is in a bearish flag continuation pattern. Closing below 15700 will trigger an impulse move towards 14600.
Nifty "ill bounce on touching the previous resistance. Just a small trade
Price forming a new lower high inside the down trendline. If the trendline breaks chancesthqt we might see a reversal
Nifty closed green for the week covering the shorts made last week. Still inside downtrendline, need confirmation for either side...
Nifty back into the previous trendline connecting the two higher lows. In a range now. Waiting for range breakout...
Nifty inside a range, a symmetrical triangle to be precise. Need to break either of the edges to move further