NIFTY Analysis
Daily Time Frame: Inverted Hammer Candle (But weak signal)
RSI=37(Bearish momentum)
Max Pain: 17200 (Bullish)
MT Outlook: Short Buildup (Bearish)
Falling Wedge Pattern breakout now it's retesting again (Let's see whether breakout is false or not)
Resistance Zone: 17165-17190
Upside Targets: 17340-17360, 17530-17550
Support Zone: 16995-17045
Downside Target: 16880-16996
RSI=37(Bearish momentum)
Max Pain: 17200 (Bullish)
MT Outlook: Short Buildup (Bearish)
Falling Wedge Pattern breakout now it's retesting again (Let's see whether breakout is false or not)
Resistance Zone: 17165-17190
Upside Targets: 17340-17360, 17530-17550
Support Zone: 16995-17045
Downside Target: 16880-16996
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.