bijoy2526

NIFTY at the median line.

NSE:NIFTY   Nifty 50 Index
Nifty searching for direction.
oscillating between over sold and over bought condition in stochiastic in hourly time frame.
pitchfork captures nicely the recent movement of nifty. Right now it is at the median line.
if it violates the median line target 1 and target 2 are possible if it holds median line its reversal is possible which appears to me to be very less
As long as we are under these present crisis it appears stiff up rise in nifty is not possible.
when ever market is range bound pitchfork captures the market movement nicely.
after achieving all time high in February this year nifty is in corrective stage.
it is obvious as it is getting rejected at the channel line in the chart.
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