Nifty Energy at confluence of Support; will 28000 hold??
Nifty Energy is currently at confluence of
On Weekly Chart
+ Multi year upward trendline support
+ 200 EMA weekly
+ 2022 ATH support zone
On Daily Chart
+ Multiple RSI bullish divergence seen
If there is any price reversal seen on lower timeframe (hourly, daily), one can participate in this index via thematic Mutual funds
If 28000 level cracks, next support zone is near 20000!!
On Weekly Chart
+ Multi year upward trendline support
+ 200 EMA weekly
+ 2022 ATH support zone
On Daily Chart
+ Multiple RSI bullish divergence seen
If there is any price reversal seen on lower timeframe (hourly, daily), one can participate in this index via thematic Mutual funds
If 28000 level cracks, next support zone is near 20000!!
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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.
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.