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Monday, March 10, 2014. Nifty - Technical Update. This monthly chart of Nifty suggests a breakout price wise. But we all have seen our fair share of false and real breakouts. Which one is this? Well for starters we have not seen RSI cross the bear market resistance zone 65-70 yet, last time we were there in early 2010 we got resisted. So does that mean this is a false breakout, no not at all, we just need to observe what RSI does when it gets to that zone, which it so far hasnt. Though the trend has b.CONTENT
This web page tradeelliottwave.blogspot.com states the following, "Monday, March 10, 2014." We saw that the webpage said " This monthly chart of Nifty suggests a breakout price wise." It also said " But we all have seen our fair share of false and real breakouts. Which one is this? Well for starters we have not seen RSI cross the bear market resistance zone 65-70 yet, last time we were there in early 2010 we got resisted. So does that mean this is a false breakout, no not at all, we just need to observe what RSI does when it gets to that zone, which it so far hasnt. Though the trend has b."