NIFTY 50 Trend analysis - Lower Low, Lower High
lower highs and lower lows can be seen in downtrends
When a price makes a new low breaking the previous low while not Breaking the recent reversal high, it results in a “Lower Low, Lower High” formation. The structure represents reversals that are being used to exit long positions.
Trend Analysis-
Lower High -
18141 level may be trend changer for nifty on weekely basis if it is breakout happens we might to see 18265 these is december month high for nifty
Lower Low -
Nifty forming lower high lower low sequence these negative scenario for trend if breached 17760 previous week low nifty may be fall more downside
When a price makes a new low breaking the previous low while not Breaking the recent reversal high, it results in a “Lower Low, Lower High” formation. The structure represents reversals that are being used to exit long positions.
Trend Analysis-
Lower High -
18141 level may be trend changer for nifty on weekely basis if it is breakout happens we might to see 18265 these is december month high for nifty
Lower Low -
Nifty forming lower high lower low sequence these negative scenario for trend if breached 17760 previous week low nifty may be fall more downside
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