Nifty Looks at strong support of 20 Moving avg closing basis. Let see
The price action of the index is still at strong support and Index RSI shows oversold. Right now price action at this price so for good risk and reward at the current level.
The chart shared is for educational purposes. Taking a position is always a risk.
As per chart on 1 hr represent we have formed structure right now part of W/ However we need to wait for one more day to get a more clear picture The information shared for own purpose.