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Nifty 50 Index

NIFTY chart

By sfk1229
Updated
This chart shows how TREND (Moving Average) + MOMENTUM (RSI) gives good conviction to take trade
Note
Red candle - Bearish Momentum
Black candle - Momentum drop
Green candle - Bullish Momentum

Green line - Daily Trend turns Bullish
Red line - Daily Trend turns Bearish

When market in Range, SL Will HIT. Horizontal/Trend line break is needed.

Moving Average, RSI Indicators lengths are adjusted as per trader choice.


This chart shows only how Technical Indicators help in taking decision, not about any specific indicators.
Every Indicator in Market works, Just need to stick with any combination of (1 Trend Indicator, 1 Momentum, 1 Volatility, Volume, Price, Chart pattern, Candlestick)
How long you want to hold depends on Chart Time frame you are looking at.

Always check Higher Time Frame before locking your bias
Technical IndicatorsNIFTYnifty50niftyanalysisniftyindianiftytrendniftyviewTrend Analysis
sfk1229
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