Nifty 50. The Doji Candle.

13 saat önce

Nifty is making Doji at the bottom on weekly chart. Which shows the chances of trend reversal. If Nifty close above 23391 (current week high) then Down trend will be end and reversal process will start in market. For confirmation, the complete week should be close above 23391 for the All time high target (26272).
If Study RSI, Rsi is near 60 on monthly chart which can act as a support and at 40 on weekly chart which is again a support area. If Daily RSI will cross 40 then Market can be bullish again.
And If 23050 broken then It will open the gate of 21500 down side.