NIFTY closes above 20 dma

4 Ağu 2020

after my last post nifty had violated the trend line
below which I had suggested if closes below the the trend line selling may be initiated.
Nifty had violated the trend line nifty had even dipped below 11900.
today has crossed above the support 1 and has closed above 20 dma.
it is positive for nifty.
next target may be the previously mentioned trend line.
which is now above the resistance line.

4 Ağu 2020

Not

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4 Ağu 2020

Not

here positive stochastic has dipped below over sold.
hence it is also supporting buying.

4 Ağu 2020

Not

stop loss should below support 1