The rally from ~7950 to ~8950 has taken 50 bars / 75 days and the fall from ~8,950 to ~8,000 is in equal time cycle. Relative Strength Index is trading at 2016 lows suggesting reversal on cards.
I am expecting the reversal to take place either today or tomorrow.
The setup would fail if Nifty closes below 7,900. The major trend change level would be only above 8,600.
I am expecting the reversal to take place either today or tomorrow.
The setup would fail if Nifty closes below 7,900. The major trend change level would be only above 8,600.
Operación activa:
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Breaks 6 days lower low spree on 50th bar...Hoping to turn the tide.
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Hey Nifty, Keep Going...Everything you need will come to you at perfect time ;)
Comentarios:
Bulls are bang-on target....
