Nifty very Weak, analysis for 20th April 2022.

Heavy selling in nifty,
Lakshman Rekha >> 17000, which was tested multiple times, is broken now.
Below 16800, we may see 16600 and more.

Also closed below 200DMA, which also shows more weakness.

Ordine annullato:

trade not triggered. closed.

Trade chiuso: obiettivo raggiunto:

eventually, we broek 16800 and reched first target 16600 and 16200 too.