Nifty study 28 March - towards BUY Approach

Nifty Daily Chart -

Nifty Hourly Chart -

 

* Strong Positive Divergence on RSI for both Daily as well as Hourly Chart
* Completion of Complex wave b (wxyxz) -seen in the Hurly chart
* Taking support on 200SMA line on daily chart; high probability of reversal.
* Stochastics Oscilator crossover mvoing upside.

Start buying on this level,  we have good RISK REWARD ratio- 1:7
Current Price - 5637.30
Stop Loss - 5595
Target - 5920 -5950
Approximately, target will achive in next 10 trading session