Get started
liccmydebt

NIFTY going to test resistance

Short
Nifty 50 Index (NSE:NIFTY)  
liccmydebt  
NSE:NIFTY   Nifty 50 Index
Trend Analysis Chart Patterns Technical Indicators NIFTY Fibonacci Retracement priceaction
1
0
trendanalysis chartpattern indicator nifty fibonacciretracement priceaction
Green trend lines represent the slightly longer term trend while the red lines show the short term trend. MACD negative divergence shows the down trend is running out of juice. Fibonacci trend (long term) had a slight 0% breach but bounced back. This has led me to believe NIFTY will test the resistance and touch levels from 10380-10400 before coming back down. RSI at 43 further indicates that the downtrend is juiced up and upward price action is coming.

NOT EXACTLY A SHORT

Next few days could end up being a very efficient long term buy zone.
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.