INDIA NIFTY WEEKLY VIEW FOR SEPTEMBER 1 - 5 , 2025 ::-
INDIA NIFTY WEEKLY VIEW FOR SEPTEMBER 1 - 5 , 2025 ::-
Indian major Nifty slowly moved towards the major support zone as expected in DEEP DIVE series ( request you to read those series to have a global look ).
In weekly time frame it has closed second time breaking long 5 years existing support from above. Last time it was able to recover but this time a hidden HEAD AND SHOULDER pattern trying to play out just above the major support zone in Daily time frame supported by 5-6 months existing RSI NEGATIVE divergence.
Weekly and Daily time frame RSI count are 49.7 and 39.1 respectively. This count base indicates dead cat bounce in the beginning of the week followed by Head & Shoulder play into RED.
VIEW : Dead Cat Bounce in the beginning of the week followed by Head & Shoulder play into RED.


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