200SMA is Tested today whereas 200dema is at 16690 which is 150pts away from todays close

Post september 2020, 200dema/sma is tested now in feb 2022 n it took 1.5 yrs

200 sma 16788
200dema 16688

Today many sectors tested 200dema/Sma after 1.5 yrs which is "Mean Reversion"

More from Shivaji Vitthalrao🇮🇳

#Nifty -- Going good so far forming triangle as expected.

Till it breakouts expect pendulum swings within this structure.

I am positive for 19300-20000 above 18350.

Bottoms 16800-17000 in place and 200dema at 16600. Dont see any big cut. @moneyworks4u_fa https://t.co/lceGFlDyRM

More from Screeners

You May Also Like