mohdsagharmehdi

IT'S TIME TO CAA-ROO-NA INVESTMENT

NSE:NIFTY   Nifty 50 Index
NIFTY ON THE WEEKLY CHART MOVING IN A CHANNEL & NOW VERY NEAR TO THE LOWER END OF THE CHANNEL IF IT BREAKS THE CHANNEL THEN IT WILL OPEN THE DOOR OF A PREVIOUS SUPPLY ZONE WHICH IN THE RANGE OF 10800 TO 10570

RSI IS NEAR TO 30 WHICH IS A STRONG SUPPORT SINCE MANY YEARS & FORMING A PATTERN LIKE A WEDGE

THE MOST INTERESTING THING THIS FALL IS DUE TO THE NEWS OF CORONA VIRUS. IN PAST DECADE WE

Comments

Hi @mohdsagharmehdi

Once Nifty RSI goes below waiting for a positive divergence has historically worked better. As per your analysis, by the time markets hits 10800/10600 such divergence can appear for your confirmation

All the best

Srikanth
Reply
HI @avsrikanth,

YES YOU CAN CHECK IT AFTER EVERY DEEP CORRECTION THERE IS A POSITIVE DIVERGENCE AT BOTTOM
Reply
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