Even though Nifty has started trading out of the wedge, RSI is still inside the range and there is a huge possibility that it reverses. Shrinkage in Day Candles size can be seen, which is suggesting that in the coming days there will be a huge move.
The P/E ratio (at 10760) is almost near to the P/E at Nifty Life High (12430).
Container Corp - Looks Bullish, Its at its 52Weeks High and nearing its life high.
Fib - 100% (5Years Duration) is 623
Fib - 161.8% is 1008
The chart also shows many patterns:
- Rounded Bottom
- W Pattern
