Quote on Nifty by Rupak De, Senior Technical Analyst at LKP Securities

2025-02-21 05:17:42 pm | Source: LKP Securities Ltd

Quote on Nifty by Rupak De, Senior Technical Analyst at LKP Securities

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Below the Quote on Nifty by Rupak De, Senior Technical Analyst at LKP Securities

"Nifty fell, giving a bearish flag pattern breakdown on the hourly chart, suggesting a rise in bearishness among market participants. Additionally, Nifty has closed at a multi-day low amid increased bearish sentiment. The RSI (14) has entered a bearish crossover. On the lower end, a correction towards 22,500 looks possible in the short term, while on the higher end, 22,850 might continue to remain a strong resistance."

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Quote on Nifty by Rupak De, Senior Technical Analyst at LKP Securities

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