Nifty IT

My Views:
  • Index made a new high whereas RSI didn't which indicates negative divergence.
  • It will have to sustain around 29100 and 29280(0.5 and 0.382 level on fib retracement) before it continues the uptrend


Please do your own analysis before making any decisions and also let me know if I missed something.
Let's learn together.
Chart PatternsFibonacciniftyanalysisniftyitrsi_divergenceTrend Analysis

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