SEND NIFTY BACK TO 12000

So I will receive brickbats for this but what the hell, let's be pragmatic.

On a long term trend we are aiming to break the parallel channel which so far was intact in a hyper bullish narrative.

Note the bearish divergence!

Bull trap likely in place, will hit key resistance 1 at ~16100 and most likely we trace from there.

NOTE: this is a cyclic correction and the 5-10year trend is overall bullish for sure . NIFTY

Сделка активна:

the indicators are telling bulls are tired #nifty

1) ADX
2) Directional Movement Index

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