Nifty - near top range of a Long term Channel

Nifty Traders should keep an eye on a long term channel, the blue trend line and RSI divergence on daily charts.

If it stays above this trendline, exceeds the channel decisively - 12500-12600 can be seen.

RSI divergence and Blue Trend line will guide if it is gonna happen or not.



I would advise to trade the trend using well hedged strategies, following stop losses.

Trade geschlossen: Ziel wurde erreicht