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
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
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