Nifty closing is 17624.05.
First, see on the Daily Chart.
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.
First, see on the Daily Chart.
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.