nifty50 tech analysis tue 13jul

Jul 12, 2021

hello guys! today the market opened gap up and consolidated makin new higher highs in downward direction and gave a rejection candle at the VWAP line which is the black line and then gave a retest with a big green candle which lacked volume and the RSI also gave a downward direction and MACD also had a crossover and in the 30 mins TF there were clear candles of bearish divergence. Since the market opened gap up and covered the gap same day logically the market tomorrow will give a good reversal towards upside covering maybe 50-80 points. Although, if tomorrow the candle breaks 15624 mark it might go down for a retest and then move backup.