Nifty looking bearish

12. Aug. 2020

Nifty 50 is facing resistence @ previous swing high and failed to make higher high. Instead it has formed a Double top pattern showing sign of weakness. Nifty is expected to go down where the previous swing low will be the next target.

Disclaimer: This analysis is purely for educational purpose. Do not trade based on this idea.

13. Aug. 2020

Trade ist aktiv

Nifty again opened gap up but cannot sustain and close above the resistance and went bearish.