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ykmshah1

Nifty in Oversold Zone Possibility of a Downtrend

Short
Nifty 50 Index (NSE:NIFTY)  
ykmshah1 Updated   
NSE:NIFTY   Nifty 50 Index
Trend Analysis Chart Patterns Technical Indicators
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trendanalysis chartpattern indicator
Nifty Has entered oversold zone as per the Stochastics. Also a Bullish Pin bar was created confirming a possible downtrend.

The 1st Resistance Level 9760
2nd Resistance Level 9600
3rd Major Resistance at 9460
Comment:
It is in overbought zone

Sorry for the error
Comment:
Buy Resistance I mean it will be difficult to break the Support Levels I have mentioned above
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