Nifty is showing positive divergence on 15 Min chart. Go Long +++
It looks like Nifty has made a bottom and is ready for upswing with target of 20,000+ on Nifty
It looks like Head and shoulder formation for last two months with neckline at 805. Above 805, it can easily test 1,000
Weekly RSI has shown a H&S pattern breakout which will lead to increase in prices in months to come.
PFS RSI level was not moving up beyond 60. Reading is moving up beyond 60 now after 18 months or so which means trend is reversed. It is a buy ...
After hitting record low with positive divergence on Weekly RSI, it is ready to make an up move. Buy with target of 65 +
Positive Divergence on RSI Chart
It is medium term investment for buying at 240 level as it looks like have bottomed out.
