- Nifty's Recent Performance:
- Nifty has shown a strong upward trend since September 1st, 20220.
- Anticipating a Pause:
- Expecting a Brief Pullback: There's a possibility of a small pullback or consolidation in the near term.
- ATR-Based Signals: Historically, this pullback coincides with signals from my custom ATR-based study.
- Looking at the Numbers:
- 50% Pullback Expected: Anticipating a 50% retracement from recent gains.
- Buying Opportunity: Consider looking to buy around the 21-day Moving Average after the anticipated small pullback.
This analysis suggests that Nifty's impressive run might take a breather, offering a potential buying opportunity after a short-term pullback.
- Nifty has shown a strong upward trend since September 1st, 20220.
- Anticipating a Pause:
- Expecting a Brief Pullback: There's a possibility of a small pullback or consolidation in the near term.
- ATR-Based Signals: Historically, this pullback coincides with signals from my custom ATR-based study.
- Looking at the Numbers:
- 50% Pullback Expected: Anticipating a 50% retracement from recent gains.
- Buying Opportunity: Consider looking to buy around the 21-day Moving Average after the anticipated small pullback.
This analysis suggests that Nifty's impressive run might take a breather, offering a potential buying opportunity after a short-term pullback.
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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.
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.