#NIFTY50 VIEW!!
NIFTY 50 has formed a shooting star candle in the weekly chart for the second consecutive week and till it breaks 14760 level.
We may most likely see some profit booking in the near term. The weakness to get extended below 14220 level.
Moreover, in the monthly chart, RSI is failing to enter the overbought area which is a strong sign of weakness.
In the daily chart, the index has formed a negative divergence too. There is a sign of weakness in most timeframe till Nifty crosses and sustains above the recent swing high. Important support in the near term comes at 13900 level at Kijun Sen line of Ichimoku.
By Ankit Jaiswal
NIFTY 50 has formed a shooting star candle in the weekly chart for the second consecutive week and till it breaks 14760 level.
We may most likely see some profit booking in the near term. The weakness to get extended below 14220 level.
Moreover, in the monthly chart, RSI is failing to enter the overbought area which is a strong sign of weakness.
In the daily chart, the index has formed a negative divergence too. There is a sign of weakness in most timeframe till Nifty crosses and sustains above the recent swing high. Important support in the near term comes at 13900 level at Kijun Sen line of Ichimoku.
By Ankit Jaiswal
-
Garey
Whatsapp - +91 9999 504 500
Garey
Whatsapp - +91 9999 504 500