Om Sri Ganeshaya Namaha

Om  Sri  Ganeshaya  Namaha
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Sunday, June 28, 2020

Nifty May Face Multiple Resistances

Weekly Chart 

Daily Chart

 Nifty is approaching a high resistance area and candles on the weekly - spinning top - and on the daily -small bodied candles after a bearish engulfing pattern on the 24th of June- point to hesitation by bulls to continue the upmove.

A close below 10194 will see more weakness.

Hourly Chart 

The hourly chart favours the bears with a rising wedge.

Only a clear move above the resistance areas marked on the charts will clear the way for an easy upmove.Till then caution to the Bulls.

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Happy Trading !!

Lakshmi Ramachandran

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