NIFTY 50 Chart pattern ❗❗
🛑 Nifty forming Flag pattern in daily frame
➡️ From aug to sep It rallied about 12%-13%
From 15900-17900
◽ This rally confirm that Other time frame players were present (OTF) Means big players were involved in this rally to take the market towards all time high
➡️ Now , it's corrected about 2%-3% from all time high
◽Means its saying that short term Bulls were exiting from Thier position or in other words weak players were exiting
◽Look like market is consolidating maybe this can continue for some days , as market is showing weakness so Bears can active and there is a chance they can short the market
◽Stay light on your position and reduce your quantity until market close above 17950-18000 levels
I hope that it will help a lot ,
If you like it do follow
Have a nice day 😊
➡️ From aug to sep It rallied about 12%-13%
From 15900-17900
◽ This rally confirm that Other time frame players were present (OTF) Means big players were involved in this rally to take the market towards all time high
➡️ Now , it's corrected about 2%-3% from all time high
◽Means its saying that short term Bulls were exiting from Thier position or in other words weak players were exiting
◽Look like market is consolidating maybe this can continue for some days , as market is showing weakness so Bears can active and there is a chance they can short the market
◽Stay light on your position and reduce your quantity until market close above 17950-18000 levels
I hope that it will help a lot ,
If you like it do follow
Have a nice day 😊
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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.
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.