Bearish Nifty Healthcare closing 7655.2
Bearish Reason.
1 --> Price show the weak price action.
2 --> Rounding TOP and breakdown.
3 --> RSI is below 40.
4 --> ADX show the bearish move -DMI is rise.
I have done Nifty Healthcare index analysis. It looks good for long positions. You can search for stocks from this sector with your own research.
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I have done nifty Healthcare index analysis. It have breakout the channel trendline. Looks good for long positions.
You can search for stocks from this sector for long positions with your own research.
If you like this idea, please hit the like button and do shares your thoughts in comments section and share this with your loved ones!
Thanks for your support!
My wave analysis suggest a nice sell in short term.. Please note that does not mean it will reverse from here only. It can go up, but the main move in short term is DOWN.
And once it reaches either of the targets mentioned on the chart, it will then start UP MOVE.. so we have possible two trades to take
Happy Trading.
![NIFTY_HEALTHCARE: NIFTY HEALTHCARE[1D]](https://s3.tradingview.com/g/gomtVpVd_mid.png "NIFTY HEALTHCARE[1D]")
