Nifty50 has reversed from channel top and broken short-term trend-line (shown in blue), also closed below the double top breakout @22525 its lower range is 22500 any close below this will move to 22400 channel mid-line and the channel bottom is 22000. Short term negative, the close on monday will decide the next move.
Disclosure: i hold various stocks that at part of the nifty, no position in the index future or options.
This is charted for my own benefit and part of my learning and investing process, i am a retail long term investor.
This is purely a technical chart observation, please check the fundamentals before investing.
Disclosure: i hold various stocks that at part of the nifty, no position in the index future or options.
This is charted for my own benefit and part of my learning and investing process, i am a retail long term investor.
This is purely a technical chart observation, please check the fundamentals before investing.
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Bottom of Channel reached, What next Nifty50, stay tuned, follow.