Nifty Ichimoku Setup
As per the ichimoiku rule, today's close on Nifty is bounce from the Kumo and Future Kumo is still Bullish. Broadly Nifty is in narrow range between 16900 to 17500
from last few weeks. In case Nifty sustain above 17600 on hourly chart then it may trigger the short covering rally towards 18000 and if close below 16800, we can
see sharp sell off of another 400 points.
Overall, Nifty is range bound and no clear direction as per Ichimoku, although future kumo is still showing bullish so upside potential is more likely then downside.
#This is not Buy and Sell recommendation to any one. This is for education purpose and a helping hand to learn trading in Market.
# Ichimoku Cloud
# Ichimoku Followers
I hope you all like my analysis. Please do share your thoughts into comment section of Trading View.
Please give a like, it motivates me to do analysis and do share our channel with your friends as well.
from last few weeks. In case Nifty sustain above 17600 on hourly chart then it may trigger the short covering rally towards 18000 and if close below 16800, we can
see sharp sell off of another 400 points.
Overall, Nifty is range bound and no clear direction as per Ichimoku, although future kumo is still showing bullish so upside potential is more likely then downside.
#This is not Buy and Sell recommendation to any one. This is for education purpose and a helping hand to learn trading in Market.
# Ichimoku Cloud
# Ichimoku Followers
I hope you all like my analysis. Please do share your thoughts into comment section of Trading View.
Please give a like, it motivates me to do analysis and do share our channel with your friends as well.
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