Nifty Short - Four Indicators Analysis Short

Nifty 50 IndexNSE

Description

⋅ Apr 17, 2020 6:44 PM

Bearish Divergence.. Wedge formation.. RSI divergence with price increase.. Stochastic overbought .. MACD bearish divergence

Comment

⋅ Apr 21, 2020 5:26 AM

Movement as per expectations.. Within Wedge channel.. Moving down to break the channel supported by all mentioned indicators in concurrence.

For Educational purpose only

Comments

Aashish_IIM

⋅ Apr 21, 2020 8:24 AM

Dear All - Please let me know if you are satisfied with Analysis

ramgorre

⋅ Apr 18, 2020 5:27 PM

Will we be able to see 9390 and then a fall from there?

payingchiyang

⋅ Apr 18, 2020 3:51 PM

as per this setup target goes to 8200

Aashish_IIM

⋅ Apr 18, 2020 4:23 PM

@payingchiyang, Seems so.. 8340 looks quick on the cards

akhilm02

⋅ Apr 18, 2020 7:44 AM

targets downside? supports?

anandguru21

⋅ Apr 18, 2020 1:13 PM

@akhilm02, it is not going to break 8k level support

Aashish_IIM

⋅ Apr 18, 2020 4:22 PM

@akhilm02
As per the setup it seems Nifty will touch 8650 and then move quickly to 8332.. My views

dr_deepak_kumar

⋅ Apr 18, 2020 5:11 PM

@Aashish_IIM, whats the time frame for your projection

Aashish_IIM

⋅ Apr 19, 2020 4:28 AM

@dr_deepak_kumar, Till 28th April