An energetic morning for bears as SGX Nifty is trading ~1% down. The lower high- lower low formation is a sign of bearish setup. The break below rising trendline (red line) and lower horizontal line (golden line) would trigger the test of support line of falling channel (black parallel lines) at 8,430.
Trade closed: target reached
Expected level of 8,430 (Low-8,433) done.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.