NIFTY DAILY - 28/2/2024
Market opened on a positive note, but bulls were not able to sustain in the market and turned market negative, and made days low that is 21915.
Nifty has formed big red body candle with upper and lower shadows.
Bearish Engulfing candle is formed on daily chart which indicates bearish sentiments into the market.
Today’s candle is halfway crossing the 9 days Exponential Moving Average.
Nifty has broken the support of 22023 so next support will be at level 21854 and level 22115 will work as resistance.
⚠️ Important: Always maintain your Risk & Reward Ratio.
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Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
Eat🍜 Sleep😴 TradingView📈 Repeat 🔁
Happy learning with trading. Cheers!🥂
Nifty has formed big red body candle with upper and lower shadows.
Bearish Engulfing candle is formed on daily chart which indicates bearish sentiments into the market.
Today’s candle is halfway crossing the 9 days Exponential Moving Average.
Nifty has broken the support of 22023 so next support will be at level 21854 and level 22115 will work as resistance.
⚠️ Important: Always maintain your Risk & Reward Ratio.
✅Like and follow to never miss a new idea!✅
Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
Eat🍜 Sleep😴 TradingView📈 Repeat 🔁
Happy learning with trading. Cheers!🥂
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