Nifty at 10817.
where it's forming triangle with trend line.
Triangle support forming at 10720 in terms of impulse wave as well as fibo 61.8 levels
so Nifty is about to test 61.8 level again which is 5th impulse wave.
Short for target 10720 where sl should be previous candle low at 10860.
(Also seen negative divergence in RSI if you look closely)
where it's forming triangle with trend line.
Triangle support forming at 10720 in terms of impulse wave as well as fibo 61.8 levels
so Nifty is about to test 61.8 level again which is 5th impulse wave.
Short for target 10720 where sl should be previous candle low at 10860.
(Also seen negative divergence in RSI if you look closely)