Niftybearish
Science Backed by Data[Nifty Series]: looking bearishGood Evening Friends,
Nifty looks to be showing making top at 10600 levels. If Monday shows a negative closing, it will confirm evening star which usually gets formed at top and looks for bearish reversal(on daily charts). Looking closely at 15 min chart, it RSI shows negative divergence on 3rd July closing.
For Trend to reverse nifty will need to go and test 10215 and close below that. Immediate support is 10400.
Don't Create long positions for very long duration, most stocks looks tired and ripe for immediate correction.
Pls support with likes on the idea.
Bearish engulfing Strong bearish engulfing formation on Nifty.
Fibanocci suggests a bearish move
Daily candlestick suggest a bearish move (A clear bearish engulfing sign)
Support and resistance level says its a bearish move
Target 9900 level
