IF BREAKS SUPPORT TARGET 1 AND TARGET 2 POSSIBLE. DIVERGENCE SEEN BETWEEN PRICE AND OSCILLATOR.
The RBI will inject liquidity of Rs 30,000 Cr through open market operations next week to maintain financial stability in the system in the wake of the coronavirus outbreak. The RBI has decided to conduct purchase of Govt securities under open market operations (OMOs) for an aggregate amount of Rs 30,000 Cr in two tranches of Rs 15,000 Cr each in March, the...
TODAY the final wave 5 will complete. Monday by 12.30 pm a new wave 'A' WILL BEGIN
V shape recovery not possible after such a big crash , It will go through flat or triangular wave formation. As per my knowledge it will take at least 7 week to confirm , either reversal or continuation .
Wait for confirmation below 1780!! >csl: 1855 target:1700/1650/1530
NIFTY RSI on daily charts is in a squeeze and respecting the falling trendline. any breakout about the line we can a swift rebound.
Weekly chart have seen a perfect bounce from a bullish Ichimoku Kumo, which coincided with a Bullish Harmonic Alt Shark in daily time frame. In hourly it appears to be consolidating after doing a 38% retracement. Support comes in at 1530-1510 which had decent volumes, below that retest of Alt Shark 1.13 at 1470. Immediate resistance 1670, above that 1725. So far...