Nifty traded in a wide range of approx 300 points today.
Candle formed today is a Big range hammer candle.
Candles Structure is of lower low, lower high.
Gap resistance above hammer candle
Price support underneath hammer candle.
All above observations are somehow suggesting that the index might oscillate in a big range in the coming week, it might see selling at the upper range and buying at the lower end of the range.
Honestly, the trend is not at all clear in the index and it might witness wild fluctuation or could form a kind of complex price action, so I'll be avoiding trading in nifty, up till I see some clear price action developemnt.
Candle formed today is a Big range hammer candle.
Candles Structure is of lower low, lower high.
Gap resistance above hammer candle
Price support underneath hammer candle.
All above observations are somehow suggesting that the index might oscillate in a big range in the coming week, it might see selling at the upper range and buying at the lower end of the range.
Honestly, the trend is not at all clear in the index and it might witness wild fluctuation or could form a kind of complex price action, so I'll be avoiding trading in nifty, up till I see some clear price action developemnt.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.