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yndesai
8 Kas 2021 17:24

Nifty / Gold nearing resistance 

NIFTY/GOLDNSE

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I keep track of this chart to see if Nifty is over valued or not.
Nifty/Gold gives fair value of Nifty in terms of gold. There is good trendline which it has been honoring as resistance.

We are seeing selling pressure at the same levels.

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Follow through daily H&S . . .

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We are back to same trend line...!

Break above 10.7 can be a game changer for nifty...
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directionsonline
Thanks for this chart.How can i plot in trading view? i am not able to do
yndesai
@directionsonline,
in symbol selection you need to type formula ie
first type "Nifty"
then type "/"
then type "gold"

you will get selection list twice, first when you type nifty and second after you type /g.
Select symbols twice.

Try it out.

When you are in symbol selection menu there are arithmetic functions on the right side of search bar.
directionsonline
@yndesai,
Thanks a lot..it works
yndesai
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