4 types of Resistance confluence in same area..... Nifty Have to *Sustain 1 hour above *14860* to Start upwards journey & back to bullish trends...Otherwise Correction expected from that area.

1) Flare Level of Negative Divergence
2) 50% Retracement Level of last fall
3) 50 hour moving average
4)Long term Support Trendline turned to Resistance line.

50 EMA cross 200DMA in Houly Timeframe....Mean Bearish Crossover....Now in Pullback for Further Down.

Disclaimer: I am not a SEBI registered or authorized analyst. The charts/levels/stocks posted will be only for educational purpose and not a buy/sell recommendation. I will not be responsible for your any losses & profit. No any kind of legal actions will be entertained for the same.


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.