🛑 Nifty forming Flag pattern in daily frame
➡️ From aug to sep It rallied about 12%-13%
From 15900-17900
◽ This rally confirm that Other time frame players were present (OTF) Means big players were involved in this rally to take the market towards all time high
➡️ Now , it's corrected about 2%-3% from all time high
◽Means its saying that short term Bulls were exiting from Thier position or in other words weak players were exiting
◽Look like market is consolidating maybe this can continue for some days , as market is showing weakness so Bears can active and there is a chance they can short the market
◽Stay light on your position and reduce your quantity until market close above 17950-18000 levels
I hope that it will help a lot ,
If you like it do follow
Have a nice day 😊
➡️ From aug to sep It rallied about 12%-13%
From 15900-17900
◽ This rally confirm that Other time frame players were present (OTF) Means big players were involved in this rally to take the market towards all time high
➡️ Now , it's corrected about 2%-3% from all time high
◽Means its saying that short term Bulls were exiting from Thier position or in other words weak players were exiting
◽Look like market is consolidating maybe this can continue for some days , as market is showing weakness so Bears can active and there is a chance they can short the market
◽Stay light on your position and reduce your quantity until market close above 17950-18000 levels
I hope that it will help a lot ,
If you like it do follow
Have a nice day 😊
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Thông tin và các ấn phẩm này không nhằm mục đích, và không cấu thành, lời khuyên hoặc khuyến nghị về tài chính, đầu tư, giao dịch hay các loại khác do TradingView cung cấp hoặc xác nhận. Đọc thêm tại Điều khoản Sử dụng.
Thông báo miễn trừ trách nhiệm
Thông tin và các ấn phẩm này không nhằm mục đích, và không cấu thành, lời khuyên hoặc khuyến nghị về tài chính, đầu tư, giao dịch hay các loại khác do TradingView cung cấp hoặc xác nhận. Đọc thêm tại Điều khoản Sử dụng.