Nifty, Most likely a bottom in place
The band of 17300/17100 seem to be a good buying zone.
Has the 50 Wma support @ 17350
Has formed a Divergence in Daily charts
We could have another round of selling before we start the up move.
Above 18050, we get a wedge breakout for targets of 20100
Disclaimer - This is not trade recommendation or advice. This is purely for educational purposes. Do your own research before entering into a trade.
Has the 50 Wma support @ 17350
Has formed a Divergence in Daily charts
We could have another round of selling before we start the up move.
Above 18050, we get a wedge breakout for targets of 20100
Disclaimer - This is not trade recommendation or advice. This is purely for educational purposes. Do your own research before entering into a trade.
Note
Levels to watch out for:17730
17900
18000
If Nifty sustains above these levels, we can see the momentum shift towards upside, and eventually to 20k
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.