My analysis is straight forward and simple .
long scenario : If nifty break the green line and stay above 10150 and also break the downtrend Red line then we see 10300.
Short scenario: If nifty stay below the green line then our target is 0.23fib = 9857.
Ichimoku shows bearish scenario.
MACD show a bullish crossover but still we need RSI confirmation which is still bearish .
Thanks .
long scenario : If nifty break the green line and stay above 10150 and also break the downtrend Red line then we see 10300.
Short scenario: If nifty stay below the green line then our target is 0.23fib = 9857.
Ichimoku shows bearish scenario.
MACD show a bullish crossover but still we need RSI confirmation which is still bearish .
Thanks .
Comment:
Nifty Should trade above 10227 then we hope to see 10300. unless it again down to green line zone.
Trade closed: target reached:
close trade target meat @10300