Nifty possible downside based on Global Indices
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I may or may not trade this analysis
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Nifty during after breaking day high in last 1 hour on 25th Feb made 3 black crows on 15 min chart.
It is likely break below 0.236 fibonacci level near 15050 that will be sign of weakness. It will be A Wave.
A bounce back towards resistance 15110-145 again possible as B wave. Going short near this sell zone will be low risk high reward.
Stop loss of this analysis yesterday's high 15177
Sharp downmove towards 14850-750 zones can be expected in wave C
I may or may not trade this analysis
--------------------------(((((LIKE)))))-------------------------------
Nifty during after breaking day high in last 1 hour on 25th Feb made 3 black crows on 15 min chart.
It is likely break below 0.236 fibonacci level near 15050 that will be sign of weakness. It will be A Wave.
A bounce back towards resistance 15110-145 again possible as B wave. Going short near this sell zone will be low risk high reward.
Stop loss of this analysis yesterday's high 15177
Sharp downmove towards 14850-750 zones can be expected in wave C
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