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SGX Nifty at a critical level
GIFT NIFTY 50 INDEX FUTURES
SGX Nifty at a critical level
By johntradingwick
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Jul 19, 2021
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Jul 19, 2021
There is a global sell-off. All the markets are down, be it SPX, FTSE, DAX, etc. SGX Nifty is also tanking heavily.
SGX Nifty may reverse or at least show some bounce from this Green box or from the next support level.
The RSI is in oversold territory and there is a divergence on 4hr.
I think this is a shakeout move before moving back up.
Take positions only if you understand what you are doing, else you are going to wind up with heavy losses.
Disclaimer:
This is NOT investment advice. This chart is meant for learning purposes only. Invest your capital at your own risk.
Chart Patterns
Technical Indicators
NIFTY
SGX
sgxnifty
Trend Analysis
johntradingwick
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Rajat Kumar Singh,
B.Tech (Delhi Technological University)
Global Community Manager, TradingView
✅ Telegram:
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