NIFTY 1D Time Frame Analysis
Current Trend:
1) Uptrend parallel channel
2) It took a support exactly at 2 level of Fib .FIB cord -(1953.90 -1665.00)
3) currently it took a resistance @0.5 level of FIB
exception:
year of accumulation zone.. if it breaks the 1654 level , we can except another 300 point movement from there.
once this parallel channel is broken upside ,can can except positive momentum .
Indicator:
RSI: divergence in RSI
MACD: MACD still in positive territory. But showing some weakness currently.
first level of target-1653
support -1500
1) Uptrend parallel channel
2) It took a support exactly at 2 level of Fib .FIB cord -(1953.90 -1665.00)
3) currently it took a resistance @0.5 level of FIB
exception:
year of accumulation zone.. if it breaks the 1654 level , we can except another 300 point movement from there.
once this parallel channel is broken upside ,can can except positive momentum .
Indicator:
RSI: divergence in RSI
MACD: MACD still in positive territory. But showing some weakness currently.
first level of target-1653
support -1500
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