Similar to my previous post on BN, Nifty is now setting up for a short trade.
Notice that the index is struggling to make fresh highs.
Notice the Lower Highs being formed.
In my analysis, if we get a negative candle closing below 24,250 it can lead to short covering and we can have a snap back to the mean.
This is again a Mean Reversion set up that I'm targeting similar to BN.
Notice that the index is struggling to make fresh highs.
Notice the Lower Highs being formed.
In my analysis, if we get a negative candle closing below 24,250 it can lead to short covering and we can have a snap back to the mean.
This is again a Mean Reversion set up that I'm targeting similar to BN.
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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.