Charts_insiders
Nifty#Nifty Spot Daily Chart
-Daily 20 EMA at 17227 (Above)
-Weekly HL is 16828.33.
-Price Trading Into falling channel
-Facing HR at 17450 & 17565 is crucial level
-Daily RSI breakout
-For further downside close required below 16800.
-Upside close required above 17450-17565 for further upside.
-Currently trading range is 16900-17400 (Trading between this tight range from last 10 days.
-Trade as per TREND, Trade with HEDGE.
PRECOTPRECOT (W):- A falling wedge is formed by two converging trend lines when the stock's prices have been falling for a certain period. Before the line converges the buyers come into the market and as the result, the decline in prices begins to lose its momentum. This results in the breaking of the prices from the upper trend line.