amritamashar
Short

Nifty Correction Expected

NSE:NIFTY   Nifty 50
99 1 2
Nifty             has formed head and shoulder pattern and it is expected to fall towards 7500 in coming days. Prices also face strong resistance above 7990 which was fibonacci retracement level. Break out towards downside likely to drag prices to lower levels.
Technical Indicator RSI is trading below 55 which confirms downside trend where as MACD is also give negative cross over few days back... One can enter into selling side with stop loss of 8000 for target of 7500 at current rate.
Reply
United States
United Kingdom
India
Deutschland
France
España
Italia
Polska
Türkiye
Россия
Brasil
Indonesia
Malaysia
ประเทศไทย
Việt Nam
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out