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Nifty 50 Index
Long
Updated

NIFTY 50 +RSI Divergence

979
The Nifty 50 index has twice retested the 50% retracement level on the hourly charts and is at a solid support level of 18000 - 18100. RSI is showing a positive divergence which could be the first indication that the trend could turn back from this point following a short covering rally which may place Nifty back into the all times high trajectory.
Trade active
Third successful retest of fib/support level at 18000 today.
Trade active
Successful rebound from support, book partial profits. No fresh trades opportunity just yet.
navjotsingh12356
Chart PatternsTechnical IndicatorsNIFTYnifty50niftyanalysisniftyindianiftytrendTrend Analysis

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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.
Chart PatternsTechnical IndicatorsNIFTYnifty50niftyanalysisniftyindianiftytrendTrend Analysis
navjotsingh12356

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.