Nifty topping out.

NSE:NIFTY   Nifty 50 Index
105 0
Nifty daily charts- Double top . Bearish MACD divergence. Bearish RSI divergences. DI-crossover. Breaking sub 20 DEMA .
On weekly time-frame too, the MACD histogram has been negative for several weeks now. Even ADX indicatior has topped out and is declining,indicating a weakening of trend.
I believe selling the rallies will be more rewarding in times to come than buying the dips. The Nifty should head towards 9700 in soon, and if that breaks too, worst case we may even see 9200-9300 by year end.
Comment: First target achieved. Nifty hits 9700.
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Get Help Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing TradingView Coins My Support Tickets Get Help Ideas Published Followers Following Private Messages Chat Sign Out