NIFTY HAVE FORMED TWO CONTINUOUS DOJI ON DAILY BASIS WHICH INDICATES INDECISION AND WEAKNESS IN TREND ALTHOUGH IT HAVE CLOSED ABOVE 11300 LEVEL BUT FORMATION OF DOJI SHOWS WEAKNESS IN PRESENT TREND.
EDUCATIONAL PURPOSE ONLY.
ONLY FOR EDUCATIONAL PURPOSE
NIFTY FIFTY HAVE SHOWN TWO NEGATIVE CANDLE IN PREVIOUS DAYS WHICH SHOWS WEAKNESS IN TREND SO IT CAN LEAD TO FURTHER WEAKNESS.
Currently Nifty 50 is in uptrend forming higher high and lower low and in RSI its consolidating which shows divergence.
Divergence is normally a situation which shows that trend reversal is near.
Its only for educational purpose and please consult your advisor before taking position.
