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Nifty 50 Index

Nifty 50

By harshad_009
On the weekly chart, Nifty has been traveling in an ascending parallel channel and this time round it has touched the bottom of this channel and is moving upwards, as you can see in the chart whenever it has touched and turned away from the bottom it has traveled atleast towards the midline, in today's position the midline value comes out to be 18436.60 Besides that weekly RSI 14 is 57.78 and is moving upwards, MACD even though it is showing bearish, it is above the zero line
Chart PatternsTechnical IndicatorsNIFTYnifty50niftyanalysisniftytradesetupniftytrendniftytrendanalysisniftyviewTrend Analysis
harshad_009
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