Nifty has a strong supprt at 17600 levels.
With RSI 50 breakdown it may reach levels of 39 (usual RSI low) and bounce back from there.
Buy at Nifty level 17600.
After breach of 17600 level ---> Next support at 17300 (MAJOR ie Trendline/Channel/Candle Consolidation)
EMA 50 and 200 support.
With RSI 50 breakdown it may reach levels of 39 (usual RSI low) and bounce back from there.
Buy at Nifty level 17600.
After breach of 17600 level ---> Next support at 17300 (MAJOR ie Trendline/Channel/Candle Consolidation)
EMA 50 and 200 support.
Trade active:
Nifty 50 bounced back after respecting it's support at 17300.
Although RSI is now at 35 ie below it's usual low from where index retests.
Further downside can be seen. Next stop at 16800. (Bottom)
#It's good to have healthy correction every once in a while.
#Trade selectively
#Buy on dip
Although RSI is now at 35 ie below it's usual low from where index retests.
Further downside can be seen. Next stop at 16800. (Bottom)
#It's good to have healthy correction every once in a while.
#Trade selectively
#Buy on dip