- Nifty weekly RSI is showing oversold levels. But price is yet to shown any signs of reversal.
- Daily is trading below 5 Day HIGH EMA as shown in the second chart. Price left this moving average near 5250 levels and yet to touch this line for the current down move. So for a strong reversal to be seen price should at least hit this moving average line.
- Hour chart too trending down below 50 Hour SMA and cloud.
No comments:
Post a Comment