THE TL that could define NIFTY action for weeks to come

١٦ أغسطس ٢٠٢٠

Motabhai at a very important juncture facing overhead resistance at 2200 along with rising TL support from covid lows! The next few candles price action are going to be decisive for the nifty. personally feel we'have made a top. if opens gap up tomorrow or day after in the red box! immediate selling pressure will start..
If we break this TL,then supports on chart. minimum test of previous swing low at 1990. but that would open further downside towards 1800 min. due to break of TL. looks like bears coming with vengeance!