NIFTY Chart Analysis

• Price continues to rise in favor of bulls But daily chart indicators like RSI is showing overbought levels.
• Weekly is nearing upper bollinger band.
• Weekly line chart shows price violating a crucial line Bulls need a weekly close above this line. Price falling back below this line will favor a correction.
• Price is trying to stay above 100 week SMA. Any intra week fall below this level too may give a bigger fall.
• GOLD TRIANGLE BREAKOUT
• SILVER TRIANGLE BREAKOUT
• CRUDE OIL AT GOLDEN RATIO