Nifty Weekly TA for Week 16 May
Nifty Hourly
Nifty Hourly Charts are respecting the trend lines both on Upper end@5600 and on lower end @5440. Break on either side only will give range breakout. from this tight 200 point range.
Hourly was oversold and hence Nifty showed the much expected bounce but unable to cross the upper trendline @5600.
Market always move the path of Least resistance.
As we are trading below 200 DMA@5762 which makes us into bear market and Bear Markets rallies are swift like on Friday.
Do not get swayed away by one day one always look at …
Read the full story »
Nifty Hourly Charts are respecting the trend lines both on Upper end@5600 and on lower end @5440. Break on either side only will give range breakout. from this tight 200 point range.
Hourly was oversold and hence Nifty showed the much expected bounce but unable to cross the upper trendline @5600.
Market always move the path of Least resistance.
As we are trading below 200 DMA@5762 which makes us into bear market and Bear Markets rallies are swift like on Friday.
Do not get swayed away by one day one always look at …
Read the full story »
posted by Bramesh at
9:28 AM
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