Nifty Weekly Analysis

Nifty 50 IndexNSE

Description

⋅ Apr 17, 2022 3:09 PM

This Analysis is not a trade recommendation, this study is purely for education purpose only, Do your own Study and Research before getting into any trades.

NSE:NIFTY Weekly Analysis.

Currently Nifty is showing weakness on chart:-
1. Did not touch the upper Bollinger Band.
2. Continuously decreasing RSI.

If it fails to get support at the 20 SMA line, then there is a chance that nifty may touch the lower Bollinger Band at S3