As discussed last time, for Nifty 17500 is going to be a good support area on daily chart.
Now lets zoom out a little and have even larger TF view, this is weekly. And as you can see, on weekly chart were are not even near to bearish zone.
So any and all speculations of bearish market, or bearish trend for upcoming years, is just out of the wind.
We are in a very strong bullish trend, sure, it might have lost some momentum recently, but its due to change very soon.
I expect nifty to bounce and do double of current levels.
Now lets zoom out a little and have even larger TF view, this is weekly. And as you can see, on weekly chart were are not even near to bearish zone.
So any and all speculations of bearish market, or bearish trend for upcoming years, is just out of the wind.
We are in a very strong bullish trend, sure, it might have lost some momentum recently, but its due to change very soon.
I expect nifty to bounce and do double of current levels.
“There are those who think they are studying the market—when all they are doing is studying what someone has said about the market . . . not what the market has said about itself.”
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
“There are those who think they are studying the market—when all they are doing is studying what someone has said about the market . . . not what the market has said about itself.”
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.