nifty 50 has made a good recovery after 20th June, same followed by the nifty small cap. check the fibonnaci levels, and there's a good support of MA 100, after 20th june. many nifty small and mid caps have to get there bull run, so this became a point of breakout. speaking about breakouts, it happens in the triangle pattern. so you could check the blue colour...
📈 NIFTY50 has taken support at around 59 level in RSI (as shown in chart). 📈 In previous trading session 59 was working as resistance level in RSI but from last time and today it is working as support level. 📈 as per FII's data they slightly bearish on index but they are bullish on stocks. 📈 as per view currently market is stock specific not Index specific. 📈 Go...
The stock has broken out and retested, therefore may undergo a reversal rally. Trade is supported by brokerage calls and Supports Nearby. Risk Reward Ratio - 2:1 SL is placed below support zone & the lower trendline. The target is placed near resistance.