CRITICAL JUNCTURE, RSI MAKING INVERSE H&S, ON NECKLINE-BULLISH
RSI is making Inverse H&S , if u can notice on chart, it's on Neckline which is major resistance on RSI on 1day .
Since trend is clearly bullish (making higher highs & higher lows) on 1day ..i expect Nifty to bounce till 12200 in this week only , where 12200 is a place i will be cautiously shorting , as 12200 will act strong trendline resistance , so expected a good correction at 12200 .
Since trend is clearly bullish (making higher highs & higher lows) on 1day ..i expect Nifty to bounce till 12200 in this week only , where 12200 is a place i will be cautiously shorting , as 12200 will act strong trendline resistance , so expected a good correction at 12200 .