Nifty weekly analysis-5 April ,2025.

The RSI on daily chart made a new high compared to the previous oscillator pivot. The oscillator is becoming overbought and price was not able to cross the previous high on closing basis. This suggests that Nifty is weak.

If this interpretation is correct, then Nifty should break below the previous consolidation and form a double bottom, very near the previous low.

The purpose of this analysis is purely educational.


http://dlvr.it/TJzx50