#NIFTY in the context of #RSI #Weekly Timeframe
RSI with default values of 14,9
RSI MOVE measures the deviation of RSI from its average
IMHO, it is an excellent time to buy and accumulate #NiftyBees
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Well, alarms were sound.
₹Nifty > #Nifty
Explanation for the alarm that sounded. Textbook short term top.
Clean technicals.
₹Nifty > #Nifty
Is Nifty gunning for an ultimate double zig-zag shake out towards 17k which would coincide with weekly 20 EMA and 100 DEMA tag? Fair possibility. Only time will tell. Watch for the break of 50 DEMA and support zone.
₹Nifty > #Nifty
@piyushchaudhry
If Nifty breaks 50 DEMA and closes below 17700. 17220-17150-17000 possible. Worst case scenario is ~17000. Lot of confluence support in that range.
Do your DD.
₹Nifty > #Nifty
Nifty’s daily looks like ABC is done, but internals suggests that it still needs a final sell off to make a bottom for WXY. A bull trap towards 17735-17810 can’t be ruled out before the final sell off.
Just analysis, reserve the right to be wrong.
₹Nifty > #Nifty
₹Nifty > #Nifty
Tight Bearish divergence on Nifty Weekly. Ready to snap back to Weekly 20 EMA? Current Weekly 20 EMA at 16864. Stay Cautious!
— Krunal Thakkar (@KrunallThakkar) October 22, 2021
\u20b9Nifty > #Nifty
Explanation for the alarm that sounded. Textbook short term top.
Clean technicals.
₹Nifty > #Nifty
Is Nifty gunning for an ultimate double zig-zag shake out towards 17k which would coincide with weekly 20 EMA and 100 DEMA tag? Fair possibility. Only time will tell. Watch for the break of 50 DEMA and support zone.
₹Nifty > #Nifty
@piyushchaudhry
If Nifty breaks 50 DEMA and closes below 17700. 17220-17150-17000 possible. Worst case scenario is ~17000. Lot of confluence support in that range.
Do your DD.
₹Nifty > #Nifty
Nifty’s daily looks like ABC is done, but internals suggests that it still needs a final sell off to make a bottom for WXY. A bull trap towards 17735-17810 can’t be ruled out before the final sell off.
Just analysis, reserve the right to be wrong.
₹Nifty > #Nifty
#Nifty watch this trendline to be taken out for a good long trade! https://t.co/nC32qh2rOO
#Nifty perfect reversal after filling the gap and testing the middle of the channel.
— Trendline Investor (@dmdsplyinvestor) June 28, 2022
Waiting for Nifty to take out that major horizontal resistance and then we can see a good short term rally. https://t.co/m3hwcWno9q pic.twitter.com/WhhLPc9JaC