Nifty is trading at a strong FIB Resistance level. be careful bulls out there.
(1) 1.618 FIB from Feb-2020 High
(2) 2.618 as a FIB projection
(3) Tredline Resistance
(4) RSI Divergence (Price higher high RSI lower high)
Can it go high from this reange- yes it can, but it must break 15275-15300 with strong buying force and close above it
Path of least Resistance is downards.
Can it crash like Covid-19" - I dont think so, this is running correction for now until it breaches some major support. We will see when we reach there.
Low Risk Short is on 4 Sure, Sl is 15310
Short at CMP with Possible target of 15k and 14800 k, this is swing short.
(1) 1.618 FIB from Feb-2020 High
(2) 2.618 as a FIB projection
(3) Tredline Resistance
(4) RSI Divergence (Price higher high RSI lower high)
Can it go high from this reange- yes it can, but it must break 15275-15300 with strong buying force and close above it
Path of least Resistance is downards.
Can it crash like Covid-19" - I dont think so, this is running correction for now until it breaches some major support. We will see when we reach there.
Low Risk Short is on 4 Sure, Sl is 15310
Short at CMP with Possible target of 15k and 14800 k, this is swing short.
Note
better readability
Note
Bearish DivNote
Pl be careful with your longs or have tight Sl on long sideNote
Still in the short zone \, Invald above 15500
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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.