Massive fall ahead!
Weekly RSI shows strong bearish divergence which conveys that the breakout was a fake out to form a bull trap.
Most of the TATA's & Adani's stocks rallied too far because of the Green Energy & EV hype.
Being highly overvalued, needs a big correction.
Its fundamentals are concerning.
Not much fuel left for NIFTY ENERGY to move upside, expecting the peak to be around 32000 level.
FIIs & DIIs are reducing their holdings.
I have highlighted the key support levels for short term swing trade opportunities around 175 & 110 levels.
Expecting the bottom to be somewhere around 70-80 levels where the red trendline resistance may act as support.
This much for now, will update more in future as chart unfolds.
Do your own due diligence before taking any action.
Peace!!
Weekly RSI shows strong bearish divergence which conveys that the breakout was a fake out to form a bull trap.
Most of the TATA's & Adani's stocks rallied too far because of the Green Energy & EV hype.
Being highly overvalued, needs a big correction.
Its fundamentals are concerning.
Not much fuel left for NIFTY ENERGY to move upside, expecting the peak to be around 32000 level.
FIIs & DIIs are reducing their holdings.
I have highlighted the key support levels for short term swing trade opportunities around 175 & 110 levels.
Expecting the bottom to be somewhere around 70-80 levels where the red trendline resistance may act as support.
This much for now, will update more in future as chart unfolds.
Do your own due diligence before taking any action.
Peace!!
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免責事項
この情報および投稿は、TradingViewが提供または推奨する金融、投資、トレード、その他のアドバイスや推奨を意図するものではなく、それらを構成するものでもありません。詳細は利用規約をご覧ください。