CNXSMALLCAP & MIDCAP – Chart Analysis
So it all boils down to simple method for trend identification. A bullish rally setup which has been making higher high and higher lows has breached its previous higher low indicating we are in for some sideways to corrective phase. A new lower low indicate impending correction, but, till what levels? Another approach in technical […]
Nifty50 Outlook
Nifty – The Upward momentum intact unless.. let’s be straight and come to the facts. 1 – Nifty has strong support at 22200. This is the previous all-time high, The Support trendline drawn from lows of 24-1-24 coincides with this level too. 2 – RSI divergence is quite obvious but this is a case of […]