LoveForCharts

Nifty, overbought conditions, expect a rangebound move - Weekly

NSE:NIFTY   Nifty 50 Index
Nifty weekly charts showing signs of possible pullback. Price trading on the upper Bollinger band with RSI near overbought zone and looking downwards.

Ascending triangle formation on the RSI too. Look for range breaks.

Play the range and the range breaks!
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