Breakdown with a GAP re-established 17800 - Tradebulls Securities
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
https://t.me/InvestmentGuruIndiacom
Download Telegram App before Joining the Channel
Nifty
Breakdown with a GAP re-established 17800 as a crucial resistance while selling pressure is expected to accelerate the price action once below 17450 zone. Both trend strength indicators. Bothitstrendstrength indicators on its daily scale are yet to sync together as RSI retains its bearish mode; yettohititsoversold zone while the ADX is yet to showcase any signs of strength despite the ongoingbearishmove.Expect weakness to extend till 17300-17140 zone immediately hence pullbacks if any shouldbeutilisedto build shorts with a momentum-based stop above 17720. While the patterns upper endaround17880-18000 remains a strong resistance for the march series as well.
To Read Complete Report & Disclaimer Click Here
Please refer disclaimer at https://www.tradebulls.in/disclaimer
SEBI Registration number is INZ000171838
Views express by all participants are for information & academic purpose only. Kindly read disclaimer before referring below views. Click Here For Disclaimer
Tag News
Weekly Market Analysis : Markets strengthened recovery and gained nearly 2% in the passing w...
