Nifty on daily time frame is currently sitting on 50% retracement level of the move from June low to Dec high. On daily time frame it is also showing positive divergence in a similar fashion which it has shown on earlier instances of short term bottom formation.
It is also in a falling channel and price is currently at the bottom of the channel and possibility of a bounce can not be ruled out.
It is also in a falling channel and price is currently at the bottom of the channel and possibility of a bounce can not be ruled out.
Comment:
How about shorting 17KPE monthly series - I will wait to see any signal here ...tracking it
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What a recovery ..
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Good going so far
Comment:
Eventually 17K PE expired worthless and price respected the support zone marked and is up by almost 500 points from the lows