Bearish Pennant Nifty50

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Nifty50 forming Bearish Pennant, the first curve is bigger than the second and the third curve is smallest as nifty is showing threshold and strong resistance above 9300 levels forming a small third wave, will complete the bearish pennant to drop to 7500 level.

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تم فتح الصفقة

Nifty at 9200 level, Expect it to reach 9300 level and fall. as per the purple line

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ملاحظة

9380 will the the strong resistance before the downward trend. support at 8780 now

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تم فتح الصفقة

Target exactly on point, target reached at 9343 HIGH, completing the third purple line top curve. Traders can initiate short positions now.

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تم فتح الصفقة

Rally continued to exactly to my number of 9380, as posted in comments. :) now looking for a reveral. 9380 will still act as a strong resistance. Bears have entered the market....

BEARS BEARS...