NIFTY 50 INDEX 2 HOURLY CANDLE CHART EDUCATIONAL SHORT VIEW

Nifty 50 Index (NSE:NIFTY)

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NSE:NIFTY Nifty 50 Index

NIFTY 50 INDEX 2 HOURLY CANDLE CHART EDUCATIONAL SHORT VIEW
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as my previous Nifty posted chart trade is not executed
because my view is down with the H&S on Hourly and it did not work
so i posted this chart because today price cross above my previous chart stop loss
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Price clearly Trending downtrend
as trendline is in down sloping
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17800 is the major resistance in current scenario
and price must find strong resistance here
because 17800 is last Lower HIgh (LH)
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price closing and sustaining above this trendline
can completely change this downtrend to uptrend
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Price clearly in a downtrend
so the best trade is
NOT to buy in Dips
YES to sell on Rise
so where is the best place for sell
if we found price near last lower high
or near the falling trendline
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three case possibility in this down trend
where we can find fresh sell

1) at near 17305
because its a nearest major resistance
marked as pink color thik line

2) at near 17800
because its a major lower high marked as
purple color

3) at near major down sloping trendline
marked as black twins trendline

Kommentar:

no any entry candle found till now in short direction

Kommentar:

assuming 17800 can be achievable

Kommentar:

still not getting any entry candle toward short direction so its a rest time waiting for the point where bulls getting tired and they goes tired very well because they are riding against the flow

Kommentar: