Indecisiveness in NIFTY !
RBI announced the Repo Rate hike and the market seemed to have a neutral view.
Nifty formed a spinning top pattern and has been in a up trend since its bounce from 15200.
The Yellow line are Resistance and Blue are Support and the same goes for the dashed trend lines Y=R, B=S
Buying pressure can be seen in price action as the candle are creating long wick at bottom.
Limited Upside seems the reason for the indecision !
Cheers
Happy Weekend
Nifty formed a spinning top pattern and has been in a up trend since its bounce from 15200.
The Yellow line are Resistance and Blue are Support and the same goes for the dashed trend lines Y=R, B=S
Buying pressure can be seen in price action as the candle are creating long wick at bottom.
Limited Upside seems the reason for the indecision !
Cheers
Happy Weekend
Thông báo miễn trừ trách nhiệm
Thông tin và ấn phẩm không có nghĩa là và không cấu thành, tài chính, đầu tư, kinh doanh, hoặc các loại lời khuyên hoặc khuyến nghị khác được cung cấp hoặc xác nhận bởi TradingView. Đọc thêm trong Điều khoản sử dụng.