finnova_

Is NIFTY Bull Breakout Successful?

Viés de alta
NSE:NIFTY   Índice Nifty 50
As we discussed yesterday, NIFTY didn't go bearish. Instead, it gaped up. Once we saw the gap, the idea was updated to wait. But now NIFTY has given a trendline breakout, as can be seen on the chart. So NIFTY might be in the Bull's favor now.
Reason:
  1. PCR = 1.16 (Strong Bullish)
  2. RSI Diversion it might require some consolidation of a re-test.
  3. Target to bull side 19800. but as its expiry tomorrow might result in sideways.
  4. Price > EMAs (Bullish)
  5. Option chain Bullish

Verdict:
Bullish

Plain of action:
observe 15 min trend if its bullish then go bullish.

Aviso legal

As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.