Rishabh1100

Rishabh1100

Initial Recovery: Volume Surge: A significant increase in buying volume accompanied the recovery. This indicates strong interest, likely driven by short covering or fresh buying momentum. EMA Alignment: The price moved above short-term moving averages (EMA 20/50), signaling bullish sentiment and attracting intraday buyers. Breakout Momentum: The sharp move...

Rishabh1100

Technical Analysis Bullish RSI Divergence: A significant bullish divergence is visible on the RSI (Relative Strength Index). While the price continues to make lower lows, the RSI is making higher lows, signaling that the bearish momentum is weakening. This is often a precursor to a trend reversal. Descending Channel: Nifty is currently trading near the lower...