50% Retracement
Nifty has been in a bullish rally since the early August and the rally continued till september 3rd and on 6th september a spinning top candle appeared signalling a trend reversal followed by a second spinning top and further followed by a hanging man candle. We could see the tug of war between the bulls and the bears but the bears was not strong enough. but now as on 17th sep a pearsing pattern appeared anth reversal mey be confirmed by a gap down window and a red candle.
IT MAY BE A REVERSAL OF THE TREND AND THE REVERSAL MEY CONTINUE TILL 16800-16900 RANGE .
IT MAY BE A REVERSAL OF THE TREND AND THE REVERSAL MEY CONTINUE TILL 16800-16900 RANGE .
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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.