February 26, 2015
- Nifty Daily chart shows immediate support and resistance levels. Weakness if price stays below 8726 levels.
- 2nd chart shows Diverging price and RSI Channels. This is a negative setup which needs confirmation. Price needs to break below this pattern for this one to work well for bears.
- Another support is the the Rising 100 Day SMA. Attempts by bears to stay below this line has failed so far. Bigger weakness if price stays below this line.
All the contents of niftychartsandpatterns are for educational purposes only and are not Investment Advice or recommendations offered to any person(s) with respect to the purchase or sale of the stocks / futures. Niftychartsandpatterns shall not be held responsible for the actions of individuals, parties, or corporations taken in response to the ideas, thoughts, concepts or information presented in this blog. Hence all the visitors are requested to apply their prudence and consult their financial or investment adviser before acting on any of the Ideas in this blog.