sachin81ksd

CRITICAL JUNCTURE, RSI MAKING INVERSE H&S, ON NECKLINE-BULLISH

Long
NSE:NIFTY   Nifty 50 Index
RSI is making Inverse H&S , if u can notice on chart, it's on Neckline which is major resistance on RSI on 1day .
Since trend is clearly bullish (making higher highs & higher lows) on 1day ..i expect Nifty to bounce till 12200 in this week only , where 12200 is a place i will be cautiously shorting , as 12200 will act strong trendline resistance , so expected a good correction at 12200 .

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.