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DaQuant
Jan 8, 2017 3:15 PM

NIFTY Potential DB Setup Long

NSE:NIFTY1W
Nifty 50 IndexNSE

Description

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There is a potential double bottom set up @ 0.5 fib retracement in the day/week chart.

-Long-term trend and the cloud held pretty well
-Stoch & MACD looks good
-RSI could form a break out

See next week if we can stand above 8275
NIFTYnifty50niftyindianiftylongDouble Bottom
Comments
pankajvw
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Good analysis! Which indicator are you using at the bottom?
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