On 15 min charts, Nifty seems to be showing sign of weakness and has spent some time below yesterday's POC and today's average traded value.
This indicates a sign of weakness for the next session, usually Monday openings are supposed to be positive, but I would expect a gap down here. IF sellers are not serious enough we might trace back to current levels within a same trading session but if they are, we might see breakdown below the acceptable traceback ranges and that might be alarming in a positional traders mind.
This indicates a sign of weakness for the next session, usually Monday openings are supposed to be positive, but I would expect a gap down here. IF sellers are not serious enough we might trace back to current levels within a same trading session but if they are, we might see breakdown below the acceptable traceback ranges and that might be alarming in a positional traders mind.
Trade chiuso: obiettivo raggiunto
Downward movement target hit, upward is pending now, lets see if we see this in upcoming session.
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“There are those who think they are studying the market—when all they are doing is studying what someone has said about the market . . . not what the market has said about itself.”
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.