NIFTY VIEW@1/NOV/2019
Today I was expecting a bullish move and it was but in last hour we saw selling pressure from 11946 level and my resistance level was 11926.
Now on the daily chart it has formed long upper shadow with little body.
what next?
By looking at the daily candle of today, I am bit bearish because there is a resistance on weekly chart and 11926 is the weekly resistance.
so for tomorrow I am looking to short below 11856 and long above above 11877 for the todays high as first target.
Level- Short below- 11856 SL- 11877, TG 11800
Long Above- 11877 SL- 11856, TG 11926
Disclaimer- This is for education purpose.
Now on the daily chart it has formed long upper shadow with little body.
what next?
By looking at the daily candle of today, I am bit bearish because there is a resistance on weekly chart and 11926 is the weekly resistance.
so for tomorrow I am looking to short below 11856 and long above above 11877 for the todays high as first target.
Level- Short below- 11856 SL- 11877, TG 11800
Long Above- 11877 SL- 11856, TG 11926
Disclaimer- This is for education purpose.
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