Nifty is in the process of making hidden bearish divergence. You can see short momentum in price hike but finally it ends up in making lower low than the current nifty trend.
#DeepakFertilisers Is ready to fly as it broke the strongest level on monthly and weekly chart. Looks like there is a negative divergence on monthly chart and it has been resolved in lower timeframe ( weekly chart ). So #DeepakFertilisers ready to go long.
***** all my analysis are Only for educational purpose.. not a buy / sell signal.
Nifty has formed inverted cup and handle with low volumes. And looks like the expected target also reached. Now it has potential to move down even further from this level but to be wait and apwatch case in coming days.
FII is heavily selling**. Comment your views if you have any.
This view is only for educational purpose**.
ICICI - for now it took support at fib level.618. But considering the budget will it still retrace from .618 or take strong support.
##educational purpose only**
Nifty still holds strength at 17000 mark and no strong movement seen to be breaking low. Possibilities for now that it could reach till 16600 in coming days and but not lesser than that as per current indicators.
Nifty still holds good at 16900-17000 at support.
Let’s wait for budget.
** strictly for education purpose only
Seems like Nift forms a kind of Head and shoulder pattern. and there could be possibility of NIFTY stopping at 13750 Level. Lets wait and see where market has to head us in coming days.
Keep Learning.
