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Nifty 50 Index
Short

NIFTY : Break the Trendline or Respect..!

106
Nifty on Daily TF we can see that taking support on trendline. Nifty has a Major Resistance is 17220, From last couple of days nifty did not broken the resistance level & give closing at support of trendline. Yesterday Nifty made Shooting Star Candle & today break the yesterday's low with both day high volume. Which confirm that further downside we can see at 16800 to 16700 levels in next week. Nifty Momentum is weak on daily & weekly Basis. On Daily TF RSI going below 40 which is again confirm downside. Strong Support at 16700.
DeepikaMehtaCFA
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Chart PatternsTechnical IndicatorsmoneytalkTrend Analysis

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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.
Chart PatternsTechnical IndicatorsmoneytalkTrend Analysis
DeepikaMehtaCFA
Also on:

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.