NIFTY WITH 50 DMA
NIFTY DAILY CHART WITH TREND LINES
- First chart shows how price hits 50 DMA and taking support there.
- 2nd chart is the daily chart with trend lines. First of those trend lines has been violated but price managed to close above it. If price goes below it again we may see good correction that also means that 50 DMA gets tested again which may not be good news for the bulls.
- But if price stays above both these trend lines and 50 DMA we may see good upside momentum.
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