NIFTY Bearish cross in weekly chart

• Nifty is approaching the support line of a possible triangle pattern in weekly chart.
• If price gets support here we may see an up move.
• But weekly charts looks bearish after price falling below 20 week and 50 week moving average. Week closing below these moving averages will favor bears. Bulls may hope that nifty does a turn around and close the weak above 50 and 20 week moving averages.
• 20 and 50 week moving averages will confirm a bearish crossover. Last time these two moving averages gave a bullish cross when nifty was trading at 3478 level.
• BEARISH CANDLES OF DOW JONES