Indecisiveness in NIFTY !
RBI announced the Repo Rate hike and the market seemed to have a neutral view.
Nifty formed a spinning top pattern and has been in a up trend since its bounce from 15200.
The Yellow line are Resistance and Blue are Support and the same goes for the dashed trend lines Y=R, B=S
Buying pressure can be seen in price action as the candle are creating long wick at bottom.
Limited Upside seems the reason for the indecision !
Cheers
Happy Weekend
Nifty formed a spinning top pattern and has been in a up trend since its bounce from 15200.
The Yellow line are Resistance and Blue are Support and the same goes for the dashed trend lines Y=R, B=S
Buying pressure can be seen in price action as the candle are creating long wick at bottom.
Limited Upside seems the reason for the indecision !
Cheers
Happy Weekend
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.