ipuneet

Nifty - near top range of a Long term Channel

ipuneet Pro Updated   
NSE:NIFTY   Nifty 50 Index
Nifty Traders should keep an eye on a long term channel, the blue trend line and RSI divergence on daily charts .

If it stays above this trendline, exceeds the channel decisively - 12500-12600 can be seen.

RSI divergence and Blue Trend line will guide if it is gonna happen or not.



I would advise to trade the trend using well hedged strategies, following stop losses.
Trade closed: target reached

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