1 --> On a daily chart Nifty creates an NR4 and last 3 days made a box. 2 --> Last 3 days' low is near the same and closed near 200 ema. 3 --> RSI is showing some mixed trends. 4 --> ADX also shows some up or sideways moves and most of the chance to breakout in upperside.
Now, see on Weekly Chart.
1 --> Candle is Face the resistance at Trendline. 2 --> Also made a Bearish Engulfing Candle. 3 --> Take support at 20 EMA. 4 --> RSI is 50.12. 5 --> ADX is a show mix trend.
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