• LOGIN
  • No products in the cart.

NIFTY : Price is moving in a bearish equi-distant channel after a trendline breakout move

After a Trendline breakout  around 8800 level, price started moving in a bearish equidistant channel & currently price is resting on a support near 8270.Since we found a first lower high formed around 8800, it signals an upcoming trend-changing move(learn – How to find a trend) as the bearish pattern is complete now with a formation of lower-low,lower-high.For now, till it trades below 8270(look for sell signal then) or trades above 8800(look for buy signals then), we're having neutral view on the index movement(learn – Trendlines & Trendchannels strategy).

PLS NOTE : All chart analysis posted here are the author's own idea of trading for educational purpose only &  not any form of advice or recommendations or opinion to anyone.

To get LIVE MARKET trade setups in BANKNIFTY,ONGC…more & trade directly with me : JOIN ME HERE

c

0 responses on "NIFTY : Price is moving in a bearish equi-distant channel after a trendline breakout move"

Leave a Message

top
Copyright @ financialhubindia.com