15 min time frame analysis of NIFTY 50 chart
At the end of the day it forms a red candle which shows about indecisive in the market if it forms a clear green candle above the 17221 then chances are high to go up. But it wouldn't sustain at this level you can see a downward movement (when u see a clear red candle forms below the level of 17221 ).
1-after forming a red candle below 17221 if it continues and breaks retesting level of 17148 then
- it will be a bearish continuation at pull down situation .
- it will be a bullish condition at pull back situation [u can understand beterly in drawings] .
2 - if it falls it can retest at 17000 level to create a pullback bullish mode .
3 - if it breaks 17000 level its in bearish condition .
4 - above situations are important
5 - rest of situations explained at drawings
warning - this is only for educational purpose .
best of luck .
1-after forming a red candle below 17221 if it continues and breaks retesting level of 17148 then
- it will be a bearish continuation at pull down situation .
- it will be a bullish condition at pull back situation [u can understand beterly in drawings] .
2 - if it falls it can retest at 17000 level to create a pullback bullish mode .
3 - if it breaks 17000 level its in bearish condition .
4 - above situations are important
5 - rest of situations explained at drawings
warning - this is only for educational purpose .
best of luck .
כתב ויתור
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