Nifty CMP 22397
Trendlines- Without knowing the two points, it is impossible to draw what u see on this chart. And mostly the trendlines drawn from top and bottom do not reflect the true geometry on the charts.
Fibs- the confluence is right there at the point further cementing the zone.
RSI - on the monthly chart the oscillator is at its long term support zone.
Conclusion - The bottom is made .. the mkt is all set to rally..Have a wonderful Holi folks.
Trendlines- Without knowing the two points, it is impossible to draw what u see on this chart. And mostly the trendlines drawn from top and bottom do not reflect the true geometry on the charts.
Fibs- the confluence is right there at the point further cementing the zone.
RSI - on the monthly chart the oscillator is at its long term support zone.
Conclusion - The bottom is made .. the mkt is all set to rally..Have a wonderful Holi folks.
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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.