NIFTY - Butterfly in the making?
Price structure is clearly week and making new lows.
This pattern should NOT be viewed as a down side target for Nifty .. but if price reaches point D, then it would be good risk reward setup for Longs.
Price point D is also particularly attractive as it marks post election result June 2014 high and a cluster of prior resistances in that zone.
For short term view see comments section below.
This pattern should NOT be viewed as a down side target for Nifty .. but if price reaches point D, then it would be good risk reward setup for Longs.
Price point D is also particularly attractive as it marks post election result June 2014 high and a cluster of prior resistances in that zone.
For short term view see comments section below.
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.