Indeks Nifty 50
Diupdate

Nifty consolidation Prepration of Fall?

191
as we have discussed in our last posts, NIFTY is consolidating in the assending trangle or Rising wedge. which is a netrual pattern. by looking at the formation of the pattern it seems the prepration of the upcoming pull back to downside.

Reasons:

  1. Option chain PCR: 1.22 (Bullish)
  2. Consolidating in the assending trangle or Rising wedgewhich is netrual pattern might break to upside and also to downside. As this consolidation is after a long Bullish moment. there is higher probablity is will take a pull. back to downside.
  3. RSI is in the bullish range.
  4. VWAP >> Price



Verdict:
Consolidation in the rising wedge.

Plan of action:
Sell 20200 CE and SELL 19950 PE
Catatan
NIFTY is moving in Rising Wedge break to the downside will give nice fall to downside.

Pernyataan Penyangkalan

Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.