NIFTY poised for another fall after a change in structure

Prices have confirmed a lower high and lower low formation with the break of 11185.15 on daily charts. Now, on the lower time frame charts, prices are approaching resistance zones along with the formation of negative reversal where prices are in the formation of lower highs while indicator (RSI) makes higher high. Now, on the break of 11181 which is a higher low on 30 minute charts.

Yorum:

Description continued - Now, on the break of 11181 which is a higher low on 30 minute charts, a confirmation of lower low will change the trend in shorter time frames as well and the trigger point for selling to emerge.