MalayKJ

Nifty50 Day End analysis: 2023.05.19

Short
MalayKJ Updated   
NSE:NIFTY   Nifty 50 Index
NIFTY possible view in coming week 22.05.2023 - 26.05.2023.

Looks like today Nifty has completed (ii) of c.

Also, RSI above 50 on hourly chart at the end of day resolves the previous RSI positive divergence on hourly chart.

The view stays invalid if price moves above 18297 (top of wave b) before reaching end of wave c.
Trade closed: stop reached:
The stop loss reached when price moved above top of wave B.

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