April 8, 2020

Market oulook

Daily charts:
- trend is down on daily charts
- today nifty closed 0.5% in negative at 8749
- AD was 2:1

- nifty crossed 9000 and 9100 but was unable to sustain
- formation was a doji with a long upper shadow

- I have drawn 2 sloping lines/ triangle showing possible movement
- while this is not a pattern, if this is obeyed, we can have more downsides if lower trendline breaks

3 min charts:
- did not trade because of delayed prices and increasing volatility

15 min charts:

No comments:

Post a Comment

Share this...