We have seen in the past, whenever the
NIFTY
has come near or touched the RSI upper band (80), the market has seen a sharp correction. From the past few days, Nifty 50 is making new highs and putting the market in an overextended zone. So there is a good possibility we can see some good corrections.
This analysis is done only for educational & intelligence purposes, invest or trade at your own risk.
NIFTY
has come near or touched the RSI upper band (80), the market has seen a sharp correction. From the past few days, Nifty 50 is making new highs and putting the market in an overextended zone. So there is a good possibility we can see some good corrections. This analysis is done only for educational & intelligence purposes, invest or trade at your own risk.
