Hello Guys ,
From last few weeks Indian Stocks and Indexes are falling due to the huge selling pressure by the FII's and I think there might be a fear of Omicron Virus in the market !
Now the Nifty 50 is at support level 16400 which was almost touched yesterday , I think the bulls now took the charge , But that's not conformed yet ,It can be by the proper formation of morning star with good volumes ,The RSI showing the divergence here and we can only take entry after the breakout of falling wedge!
hope you can relate it , Don't forget to like , All the Best for Your Trades
From last few weeks Indian Stocks and Indexes are falling due to the huge selling pressure by the FII's and I think there might be a fear of Omicron Virus in the market !
Now the Nifty 50 is at support level 16400 which was almost touched yesterday , I think the bulls now took the charge , But that's not conformed yet ,It can be by the proper formation of morning star with good volumes ,The RSI showing the divergence here and we can only take entry after the breakout of falling wedge!
hope you can relate it , Don't forget to like , All the Best for Your Trades
