NIFTY retracement done ??

4 feb 2023

NIFTY has retraced down to 61.8 % on Fib retracement and is on a rising window (gap). RSI is also forming a bullish divergence and inside a bearish channel, so a continuation to the upside at this point will seem prudent. Also, there is a chance that the trend might actually turn into a downtrend if the recent swing low gets broken since it has a lot of volume on the level. Intraday analysis being posted shortly !!