This Analysis is not a trade recommendation, this study is purely for education purpose only, Do your own Study and Research before getting into any trades.
NIFTY
Weekly Analysis.
Currently Nifty is showing weakness on chart:-
1. Did not touch the upper Bollinger Band.
2. Continuously decreasing RSI.
If it fails to get support at the 20 SMA line, then there is a chance that nifty may touch the lower Bollinger Band at S3
NIFTY
Weekly Analysis. Currently Nifty is showing weakness on chart:-
1. Did not touch the upper Bollinger Band.
2. Continuously decreasing RSI.
If it fails to get support at the 20 SMA line, then there is a chance that nifty may touch the lower Bollinger Band at S3