NIfty - Triangle Breakout

١٨ أغسطس ٢٠٢٠

In daily timeframe nifty has ascending triangle breakout but major concern is 0.786% fib ratio at 11390, which will act as resistance. If nifty able to sustain above 11390 and close above on daily chart then 11900 can be seen in coming days. Also daily trendline is supporting it very well. ISSUE IS RSI NEGATIVE DIVERGENCCE AND NIFTY PE ABOVE 32...
Be Ready for roller coaster ride in coming days. I am expecting a huge fall between 11600-11900...