Nifty 50 IndexShort
Go for Short.
Nifty 50, on weekly basis, has formed a perfect bearish engulfing pattern.
Observations:
1 Previous trend- Uptrend
2 Open on week two is higher than week one close.
3 Close on week two is lower than week one open price.
4 Strong sell on week two indicates bears may have broken down bulls stronghold.
Observations:
1 Previous trend- Uptrend
2 Open on week two is higher than week one close.
3 Close on week two is lower than week one open price.
4 Strong sell on week two indicates bears may have broken down bulls stronghold.
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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.