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tushargupta1991

Possibility of one more low in Nifty

Short
Nifty 50 Index (NSE:NIFTY)  
tushargupta1991 Updated   
NSE:NIFTY   Nifty 50 Index
Chart Patterns Technical Indicators Wave Analysis NIFTY niftyshort nifty50
2
0
chartpattern indicator waveanalysis nifty niftyshort nifty50
Nifty seems to be correcting upward and might make one more low giving RSI divergence. A similar move can be expected in BankNifty as shown in the link below.
Comment:
Comment:
Till Nifty is moving up in a channel, the possibility of a downmove remains. One can short from a fib level or below the lower trendline.
Trade closed: target reached

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