Nifty is trading in inclining channel and price action now reached at lower band of inclining channel. At the same time RSI was also trading in a channel but RSI broke the lower band of channel.....
I am expecting 9350 as my near term target.... your view are welcome......
I am expecting 9350 as my near term target.... your view are welcome......
Trade active:
Nifty has clearly broken channel with strong bear candle. Further weakness is expected.
Trade active:
Nifty formed bearish pattern (inverted hammer) on daily chart which indicates further weakness.