As per nifty view given on 21-10-2020, nifty was in process of making inverted head and shoulder . it has now completed that structure as visible on chart. from here it may give a breakdown or can take reversal . however candles are not looking that strong that is needed to give breakdown on lower side , infact it is making a dozi on line support. we have also a strong rsi support level 47.89 so we may expect a up side move on monday . reliance will be sufficient to give nifty a up thrust after posting good result and long downside consolidation. But nifty has not much scope here to move on upside . 11700 is strong resistance upside and 11461 is support on down side. In next week nifty will be compelled to choose a path. A breakout on either side can be seen . it is not necessary that move will come on Monday but in 2 or 3 sessions it will be visible.
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.