retraces back after just touching the channel lines shown in the chart
sellers active there pushes nifty back and nifty closes with red candle.
stochiastic is in over bought condition.
5 dma lagging price as price has risen rapidly
fortunately nifty has closed just above 20 period moving average in hourly chart.
pull back nifty is possible to 5 dma before it attempts again to clear the channel.
FII and DII figure indicates net selling.
any buying opportunity is there after pull back or if it clears the channel successfully.
don't forget to like my post.
follow me to get updates
sellers active there pushes nifty back and nifty closes with red candle.
stochiastic is in over bought condition.
5 dma lagging price as price has risen rapidly
fortunately nifty has closed just above 20 period moving average in hourly chart.
pull back nifty is possible to 5 dma before it attempts again to clear the channel.
FII and DII figure indicates net selling.
any buying opportunity is there after pull back or if it clears the channel successfully.
don't forget to like my post.
follow me to get updates
