A 50% rise from the latest bottom, that calls for applause !!
Nifty is very religiously following the theoretical definition of a Trend Line.
There has been some seasonal support (*red zone) and resistance (*black zone) that will help in analyzing the next few moves of nifty.
We have a good -400 range on the downside and +300 range on the upside.
If Nifty breaks the trend line, it might behave irrationally for a week.
RSI looks good. So it has the least chance of happening.
Nifty can travel to fill some previous gaps without disturbing the trend line.
Happy Trading :)
Nifty is very religiously following the theoretical definition of a Trend Line.
There has been some seasonal support (*red zone) and resistance (*black zone) that will help in analyzing the next few moves of nifty.
We have a good -400 range on the downside and +300 range on the upside.
If Nifty breaks the trend line, it might behave irrationally for a week.
RSI looks good. So it has the least chance of happening.
Nifty can travel to fill some previous gaps without disturbing the trend line.
Happy Trading :)
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.