NIFTY expected on Friday
My view on the market is BULLISH, but following observations are important:
A Bearish WEDGE pattern formed and is shown in the chart
The Bearish RSI divergence also supports above formation
If there is only a small correction, then the levels of corrections may be between the given Green lines.
However, if it cross the trendline above the price action candles, it may move till 17900
If it cross the trendline below the candles, possible to cover the gap made today.
Information given here is for Study purpose.
A Bearish WEDGE pattern formed and is shown in the chart
The Bearish RSI divergence also supports above formation
If there is only a small correction, then the levels of corrections may be between the given Green lines.
However, if it cross the trendline above the price action candles, it may move till 17900
If it cross the trendline below the candles, possible to cover the gap made today.
Information given here is for Study purpose.
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