A top is made and one can enter into a short trade with 9525 sl for target of 9400-9350.
Technical indicators:
RSI - rsi is falling after making a high which showcases that nifty is losing it's steam.
MACD divergence- MACD cross has taken place which supports our theory.
Keep strict sl- 9530.
*It is my opinion and i am not sebi registered*
Comment if you agree or share your idea if you disagree.
Technical indicators:
RSI - rsi is falling after making a high which showcases that nifty is losing it's steam.
MACD divergence- MACD cross has taken place which supports our theory.
Keep strict sl- 9530.
*It is my opinion and i am not sebi registered*
Comment if you agree or share your idea if you disagree.