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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Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.