It seems Nifty IT is about to break the trendline on downside. If it does, then certainly it would be great trade with RR 1:4.
It will become again stronger above 30740 levels. It broke that levels once but could not sustain the same. However, it shows bears are more stronger than bulls.
RSI has been oscillating between 60 & 40 levels. Watch for level 40 break down at the same time when trendline breaks down.
Levels to watch on upper side
30170
30740
Levels to watch on lower side
28606
27776
It will become again stronger above 30740 levels. It broke that levels once but could not sustain the same. However, it shows bears are more stronger than bulls.
RSI has been oscillating between 60 & 40 levels. Watch for level 40 break down at the same time when trendline breaks down.
Levels to watch on upper side
30170
30740
Levels to watch on lower side
28606
27776
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.