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, ...
Risky One as from 2010 it was in downtrend but the positive point is very heavy buying volume .
Buy from current price 39.20 (aggressive)
@42.50 (save entry)
Trade duration 6 Months
Nifty Must respect the black trendline which is neckline for Head and Shoulder Pattern.
If nifty did not respect this line then the major fall may come in nifty.
After neckline breakout and successful retest short sell can be done in nifty