Nifty Short - Parabolic SAR + Fibonnaci

4 May 2020

Parabolic SAR closed the gap with price and indicated price reversal. Fibonnoci price projections shows 8657 as short term target. Stochastic also shows oversold trajectory and Arron Up will cross Aroon down indicating short. Ascending triangle pattern breakout at lower side..

Ananlysis for educational purposes only

5 May 2020

Not

Heading towards 8600 and move could be fast.. Going as per technicals