NIFTY What next ? So its small Effort to understand what will be trend likely in next week and this month ..
Daily Chart triangle formation seen nifty trading at 17374 at closing today If you see upside triangle line ..breakout of this line will be upside nifty move towards 17600 and 17800 Level, if nifty fall downside triangle line which is 17100 level ..this work as crucial trend-line support and if this support break then 16800 16500 this level can seen .. 16400 was last support where nifty can bottom out if more fall due to global negative sentiments .
>> RSI SEEN at mid range ..RSI is bellow WMA at present.
** THIS IDEA IS FOR EDUCATIONAL PURPOSE ...!
Daily Chart triangle formation seen nifty trading at 17374 at closing today If you see upside triangle line ..breakout of this line will be upside nifty move towards 17600 and 17800 Level, if nifty fall downside triangle line which is 17100 level ..this work as crucial trend-line support and if this support break then 16800 16500 this level can seen .. 16400 was last support where nifty can bottom out if more fall due to global negative sentiments .
>> RSI SEEN at mid range ..RSI is bellow WMA at present.
** THIS IDEA IS FOR EDUCATIONAL PURPOSE ...!
Comment:
monday 14-02-2022 NIFTY LIKELY OPEN GAP DOWN ...BELLOW 17200 ..WATCH OUT strong support 17100 twise before nifty take bounce from here.. Buy will be initiated if nifty hold 17100 for 1st 1 hour.. BELLOW 17100 ..RSI will drop bellow 40 ..and more fall possible in that case for next few session.. . !
Comment:
Monday closing RSI at 37 ..at this point wait to cross RSI above 40 or wait for oversold at bellow 20 .. at index .BUY above 17000 or wait for correction if any..!