Nifty Expiry Douple Top Bearish Divergence

25 thg 9

Nifty tested twice 26000 in 2 days in 1 hour time frame there is double top formation and with RSI being a negative divergence signaling a Short set up on open if opens flat.

A gap down opens later checks on 26k area rejection can be short another option.

Any gap up above 26035 could be sell off as per Price action , contiunuos risisng market need a breather a leg pull back to resume uptrend.

Immeadiate Resistacne is 26035.
Immeadiate Support is 25860.

Note:- This is chart is 1 hr chart zoom into lower time frame trading time frame for intraday which is 5 mins or 15mins for better entry since levels are marked wait for confirmation of rejection or acceptance.

25 thg 9

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15 Mins Chart for reference

26 thg 9

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Opened flat crossed previous day high if sustains can long till 26100,26150,26200 above wait for confrimation (eg :- weak pull back to pdh , lower high on pdh , sustaining more than 30 mins here at pdh) , in any case if voilates previous day high it will test 25950 to 25900 area on lowerside.

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Target 1 acheived , break out happened and tested the bo level going for target 2

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long entry

26 thg 9

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Target 2 acheived

26 thg 9

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As mentioned in morning 26200 also acheived

27 thg 9

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today 27 th september trade

Short entry

27 thg 9

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