deepakequities

NIFTY's Upcoming Target @ 14100

Short
NSE:NIFTY   Nifty 50 Index
NIFTY 50 in Daily Charts forms Inverse Cup & Handle pattern which indicates upcoming bearish breakout.RSI 14 @ 48 and trending down indicates weak RSI.In DMI, ADX indicating that current uptrend is weak and preparing for steep fall upto 14000 levels. In Ichimoku Kinko Hyo price still below cloud and Conversion line not in a position to cross above Base Line.
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