Nifty heading towards 18000 and more ??
Probably YES, as per technical it has broken the channel upper line with strong momentum and retraces at 17500. Also we can see RSI Divergence indicates the Strong reversal in the trend which is a good opportunity for swing/positional entry to go long keeping SL 17450 - Target we can expect another 500 Points move that is 18000 will be tested quickly.
RSI Divergence - When price makes lower low and RSI makes Higher low is the symbol for Strong trend reversal.
Probably YES, as per technical it has broken the channel upper line with strong momentum and retraces at 17500. Also we can see RSI Divergence indicates the Strong reversal in the trend which is a good opportunity for swing/positional entry to go long keeping SL 17450 - Target we can expect another 500 Points move that is 18000 will be tested quickly.
RSI Divergence - When price makes lower low and RSI makes Higher low is the symbol for Strong trend reversal.
