Nifty50 Index Analysis - Breakout or Consolidation ??

Short

Nifty 50 Index (NSE:NIFTY)

Updated

NSE:NIFTY Nifty 50 Index

trendanalysis chartpattern indicator nifty

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.

Comment:

also 8EMA breaking 20EMA downwards.

Comment:

error in typing. it is support not resistance.

technofundalist

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.