#Nifty50 has recently formed bearish engulfing candle right below 78.6% retracement. Also MACD has also formed bearish Peak-Trough divergence which is rare divergence but quite strong.
Possible support on the downside comes at 17800-17850 zone and then next at 17550 level.
At current scenario, better to remain stock specific and follow strict SL and keep...
#dxy #dollarindex - It shows signs of bottoming out!
It trades at 52 week lows , with a positive divergence on both MACD and RSI Indicators. !
Keep a close watch!
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