Hello all, this is a interesting formation on NIFTY chart we can clearly see the highs getting closer and reactions become powerful and expanding on length. However the rallies showed weak spread on decreasing volume. In current chart on daily timeframe the last bear move happened on increasing volume with strong spread and closed below last higher low.
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.