Nifty 50 Endeksi

View on Nifty - October 17th, 2024

180
Market structure:

1. Market is currently in a downtrend as you can see the fall in the left side.
2. Big red bars on the screen are evident.
3. Price is below all Moving Averages

Price action:

After lower lows, now we are seeing a consolidation. This can be either distribution or accumulation.
As a directional trader, I would like to favor the direction by saying it is distribution but market is supreme. I will decide the action based on actions.

Possibilities:

1. Breakout above 25200 - A short covering. View change from bearish to upside.

2. Breakdown below 24950 - A directional short.

Feragatname

Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.