The problem lies here in this consolidation zone. 15 minutes candle sustaining above this consolidation will lead NIFTY to 18770 (RSI is also neutral and I hope it will show strength as market breaks consolidation on upside). DISCLAIMER:- I am not a SEI Reg. analyst. Do your own research before investing or trading. Comment if you have any questions regarding this.
Isn't NIFTY making a rising wedge on a monthly chart? Also RSI is weakening, What are your views for nifty in long term?????
Breakout, Weekly RSI is showing strength, seeing an upside till 400, SL is 323. Add more as it comes down or buy here as per your risk tolerance. Disclaimer:- I am not a SEBI Reg. Analyst. Do your own research before investing. Comment if you have any question regarding this :) Find me on different social media platforms...