pvedant705

pvedant705

breck out on trend line and have potential to fall as nifty touched all time high once therefore nifty needs to consolidate a little bit greatest opportunity to purchase put side

pvedant705

As we can see, the line on the upper side has a base where buyers and sellers come and market open except on same range so i was waiting for 15 minutes in that 5 mints candle are near to that line and in the next candle they break bottom line of first candle and start going down at same time i took trade and it will touch the black line today or tomorrow

pvedant705

As we can see on the chart, the nifty has taken a lot of supports on one trendline and is almost about to break, and as we can see in today's market, bullish people entered and took the market as low as possible, so if they maintain this downside trend, the market will fall starting tomorrow(16/6).

pvedant705

I did an analysis on the 5 minute chart frame and its falg and road pattern, and nifty also gave a retest, therefore according to my analysis, nifty will open gap down on June 15th. The information and publication are not meant to be,and do not constitute,finacial,investment,trading, or other types of advice or recommendations supplied or endorsed by tradingview.