NIFTY seems to turn BULLISH
Since the post covid rally, the nifty has touched sky.
Despite of recent bearish movement,it seems that NIFTY is preparing for next boom.
As you can see since rally from 2020, Nifty has entered the 23 to 38% retracement only once ,and from there it took the grip.
Now, the same scenario can followed, because it will come close 23% retracement level second time.
Second, reason is the flag pattern being drawn by it in daily timeframe .
Third, it is showing the old wolf wave pattern,which is again the bullish sign.
Fourth, the RBI seems to ease the repo rate in near future.
Well this were the key points.Thank you.
Despite of recent bearish movement,it seems that NIFTY is preparing for next boom.
As you can see since rally from 2020, Nifty has entered the 23 to 38% retracement only once ,and from there it took the grip.
Now, the same scenario can followed, because it will come close 23% retracement level second time.
Second, reason is the flag pattern being drawn by it in daily timeframe .
Third, it is showing the old wolf wave pattern,which is again the bullish sign.
Fourth, the RBI seems to ease the repo rate in near future.
Well this were the key points.Thank you.
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免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。