Nifty breaking the Rising Wedge Pattern with RSI Divergence
NIfty has broken the rising wedge with RSI divergence. It has also formed a Doji Candle taking support exactly from 50 EMA.
It will be exciting to see what happens to Nifty below 14,000(50EMA & Low of Doji Candle).
I'm not saying it will definitely fall but this is just a simple analysis and it might even prove to be totally wrong. But I feel below 14000 we can see a small dip in the market.
Note - Feel free to give any advice regarding this analysis down in the comments section.
Disclaimer - Please do not take trades according to this analysis and do your due diligence before entering into this. This is just for educational purposes and not to be considered as a tip.
It will be exciting to see what happens to Nifty below 14,000(50EMA & Low of Doji Candle).
I'm not saying it will definitely fall but this is just a simple analysis and it might even prove to be totally wrong. But I feel below 14000 we can see a small dip in the market.
Note - Feel free to give any advice regarding this analysis down in the comments section.
Disclaimer - Please do not take trades according to this analysis and do your due diligence before entering into this. This is just for educational purposes and not to be considered as a tip.