NIFTY -- UNDERSTANDING TREND - 11/02/2022NIFTY What next ? So its small Effort to understand what will be trend likely in next week and this month ..
Daily Chart triangle formation seen nifty trading at 17374 at closing today If you see upside triangle line ..breakout of this line will be upside nifty move towards 17600 and 17800 Level, if nifty fall downside triangle line which is 17100 level ..this work as crucial trend-line support and if this support break then 16800 16500 this level can seen .. 16400 was last support where nifty can bottom out if more fall due to global negative sentiments .
>> RSI SEEN at mid range ..RSI is bellow WMA at present.
** THIS IDEA IS FOR EDUCATIONAL PURPOSE ...!
