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mkmunir3
Sep 21, 2022 8:23 AM

Nifty in mild up trend as per RSI and trend lines Long

Nifty 50 IndexNSE

Description

RSI came around 50 on 29 Aug and 16 Sep for Nifty but reversed upwards. At the moment we are safely above RSI 50 which implies positive bias. As per a different approach, horizontal trend lines, strong support levels (green) and strong resistance levels (Red) are marked too. We can manage our positions accordingly. Reduce or add to holdings as per the trend lines. Analysis for own record only.
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