NIFTY daily Retrace 61% from bottomHello everyone,
Nifty spot 24340 consolidating since 2 weeks within range of 24000 to 24500 rsi negative divergnve is there on daily time aong with fibbonacci 61% retrace from bottom volume is not supporting bullish breakout away from 200 ema can expect bearish move till 23500 trendline support.
Niftyrsi
NIFTY DAILY CHARTI did analysis of nifty on daily chart and found something interesting that earlier it gives a breakout on relative strength indicator and positively moved 500-600 points so if it was a real breakout then it is coming for retesting and if it will break and close below that so we can say that was a false breakout or you can say bulls trap in the language of market let us see what will happen in coming sessions.
Regards to all mates