Tuesday, November 19, 2019

Nickel : Technical View : 20.11.2019

Nickel : Technical View : 20.11.2019

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On the daily chart, the price drifted by 0.65% in the last session.

Moreover, the price has been trading below the lower line of the Falling Channel, which adds pressure in the counter.

Additionally, the price is trading below the 21*50 SMA’s, which confirms the downtrend.

Also, Momentum indicator RSI(14) has shown a negative crossover, which indicates bearishness.

As per the above technical structure; we expect bearish move in the counter.