Looking to short at current levels.. .SL last High
Respecting Channel
Respecting Channel
Note
Brace - Any time now...Strict Stop Loss
Trade active
Short open - SL as above.. i.e. Last highNote
Nifty remained flat for this week.The situation is like glass half full of water - you will call it half full or half empty?
While it failed to make a new high, on a weekly basis, the bias is neutral to positive.
Looking at Global Indices, things look OK for NIFTY for the moment.
However, looking at the daily chart, to make a new high, it will have to break last weeks top of 11760.
Note
Bearish formation on Daily candle.
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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.