Nifty technically short-term bullish, but…
Diupdate
Nifty hasn't given a continuous breakout of the lower high. If nifty couldn't give consecutive closes above lower high, there can be a failed swing low and signals resumption of the trend.
In 30 minute timeframe, the price has made a value area box where supply equals demand. If nifty gives a continuous break to the upper band of the value area, traders can initiate a buy position for the target of 17554-17586-17618.
Strong closes above 17621 indicate a good time for bull traders.
Swing failure may drive the price lower. Bear traders can look for 17465-17408-17312.
In 30 minute timeframe, the price has made a value area box where supply equals demand. If nifty gives a continuous break to the upper band of the value area, traders can initiate a buy position for the target of 17554-17586-17618.
Strong closes above 17621 indicate a good time for bull traders.
Swing failure may drive the price lower. Bear traders can look for 17465-17408-17312.
Catatan
Accurate pivot pointCatatan
Price made a gap up on the opening and hit all the long targets.The pivot point has provided strong resistance.
Price couldn't give a strong close above 17621.
TP 1: 17465 ✅
TP 2: 17408 ✅
If you remember my title, Nifty is technically short-term bullish, but...
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Trading ditutup: target tercapai
TP 3: 17312 ✅Catatan
Check the date and result.
Catatan
As per my idea, Price has made an excess.Nifty has reached our all targets.
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