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NSE Nifty Has unfolded Bearish Structure

Free nse nifty chart calls

Have you read the Previous report on nifty and bank nifty?
Click Here NSE NIFTY & BANKNIFTY OUTLOOK FOR INTRADAY TRADERS

I have mentioned in clear words, “After Gap is down, if the price sustains below 16220, traders can expect the following targets: 16150 – 16036 – 15956.

Nifty formed a bearish pattern, and It was a gap down signal.

Free nse nifty chart calls

11 May 2022
[10:25 AM] – Price reached the first target of 16150.
[12:55 PM] – Price hit the second target of 16036.

12 May 2022
[09:20 AM] – Price touched the final target of 15956.
[12:30 PM] – Price made a low of 15807.

If you haven’t traded this setup, you missed a 400+ points.

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Mr.Guru is a registered investment advisor for Moneymunch, he is a regular guest on popular channels and writes for several newspapers and financial journals. They've black magic of stock market analysis because studied charts over 20 years.

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