September 20, 2013

NIFTY Broadening pattern of Weekly time frame

  • Price and RSI yet to show negative divergence for the current up move. Price is near previous resistance levels like 6133 and 6229. If 6229 is taken out then price may target the rising resistance line of weekly chart which is at 6370 approx for this month.
  • Bears need to see weakness at the current levels and Divergence as price nears 6229 levels.

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