Tech view: Nifty faces resistance from short-term moving averages, forms small negative candle. How to trade tomorrow
- Posted on October 16, 2024
- By Business News Today
- 1 Views
Tech view: Nifty faces resistance from short-term moving averages, forms small negative candle. How to trade tomorrow
After acting as support for months, the 10 and 20-day exponential moving averages (EMAs) have recently been breached. These EMAs now pose resistance around 25,150-25,200, indicating a potential shift in momentum. This change in polarity suggests a cautious approach as the market navigates this critical juncture.
