BH_MURALI

BH_MURALI

RSI Divergence is seen in Nifty today (22/1/2025).. After a correction and consolidation, we can expect a positive move in Nifty is a few days. Budget 2022 and earnings may be the key factors in reversing the trend in Nifty.

BH_MURALI

RSI divergence (Regular) is seen in Nifty 1 hour chart. Expected a short term reversal till 24800.

BH_MURALI

Based on RSI Hidden Divergence. While the price is going up, RSI is going down.. This indicates trend continuation..

BH_MURALI

Nifty is in the verge of beginning the 4th leg of 'W' pattern.

BH_MURALI

RSI Positive Divergence in hourly chart indicates that Nifty can regain 18690

BH_MURALI

Wait !! A breakout from this triangle will decide the new trend in Nifty.

BH_MURALI

If Nifty breaks 14650, there is possibility of taking support @ 14325 and return to upward journey. If it breaks 14325, the next support is @ 13592

BH_MURALI

Nifty has broken the support S1, and now resting on S2. If it breaks S2, then there are possibilities of going down to S3/ S4/ S5 Else if it bounces back, there are chances of going up to S1, which will be a resistance now.. Union budget is the deciding factor !!

BH_MURALI

I can see an Elliots Triangle wave (ABCDE) pattern in Daily Chart.. Hope the small correction ends here and Nifty moves upward till 14850 levels in the coming days... Your comments are most welcome...