Nifty Dead cat bounce ?

13 May

Nifty 24590 15 min chart is showing dead cat bounce pattern. if resistance 24636 is sustained then could move down 200 points..

13 May

Not

How to Spot a Dead Cat Bounce?
A dead cat bounce can be identified by a sharp decline followed by a brief recovery that regains less than 50% of the initial drop. Low trading volume during the rebound, failure to break significant resistance levels, and weak momentum indicators are key signals.

Sharp Decline , Brief recovery and low volume trade all can be noticed in the chart. If anyone need help on this pattern refer to tradingview.com/chart/NFLX/30xWY92L-What-Is-a-Dead-Cat-Bounce-Pattern-and-How-Can-One-Trade-It/

14 May

Not

Nifty 24750 @129 at 10:01 at 24727

14 May

Not

Nifty 24750 @150 at 11:00 at 24684

14 May

Not

Nifty 24700 @110 at 11:44 at 24695

14 May

Not

Nifty 24700 @219 at 12:57 at 24566