If NIFTY is following Elliott wave, it looks like 3rd impulsive wave has achieved its 1.618 target. It clearly shows loosing buy strength if compare to RSI divergence with Price.
Market may follow down trend if it is the 4th corrective wave on 15 mins time frame.
Market may follow down trend if it is the 4th corrective wave on 15 mins time frame.
Note
Looks like 3rd wave extended a bit more up to 2.272%.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.