NIFTY ON DAILY CHART technical indications.
1. Trendline breakdown seen nifty turn bearish formation.
2. RSI seen negative Divergence and lower low formation
3. possible bounce back from 16400 odd level .
4 . lower range of nifty at trading range 16200 and higher level 17500 nearest resistance 16800
5. unless 17800 break and close above NIFTY trend will be lower low trading range.
6. last candle is doji candle indicates traders undecided about trade.
** THIS IDEA IS FOR EDUCATIONAL PURPOSE
** HAPPY TRADING. !
1. Trendline breakdown seen nifty turn bearish formation.
2. RSI seen negative Divergence and lower low formation
3. possible bounce back from 16400 odd level .
4 . lower range of nifty at trading range 16200 and higher level 17500 nearest resistance 16800
5. unless 17800 break and close above NIFTY trend will be lower low trading range.
6. last candle is doji candle indicates traders undecided about trade.
** THIS IDEA IS FOR EDUCATIONAL PURPOSE
** HAPPY TRADING. !