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Updated

Nifty50 Index Analysis - Breakout or Consolidation ??

Explanation in Chart. If breaks downwards medium resistance at 14000. 200EMA at 13900. Strong resistance at 13800. It can also consolidate if sustains current levels and any positive news might create new highs.

Note

also 8EMA breaking 20EMA downwards.

Note

error in typing. it is support not resistance.

technofunda

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technofunda

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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.