with in 1-2 days pullback will come
that will take nifty near 14200-14220
It will be dead cat bounce, do not go for long
Nifty is sell on rise now
sell near 14200-14200
Created a lower high but fail to create new lower low and a bullish pressure coming in which break the trendline and sustaining above it.
Target 1: 1431.90-1437
Target 2: 1520-1524.50
Target 3: 1596.95-1585
Target 4: 1710.30-1694
1. Price broke above the downtrend trendline and making higher lows.
2. Double Bottom confirmed as the neckline (494.20) broke with a huge volume.
3. RSI Divergence: Price making lower low but RSI making Higher High (see daily chart, low made on 14 Oct and 21 Oct 2020)
4. RSI in Harmony: Price making higher high but RSI making Higher High (see daily chart, ...