Trend analysis of Nifty 50
Trend analysis of NIFTY 50
The Nifty 50 is currently trading close to the supply line of the downtrend channel. There is a strong chance that the price will be rejected at the supply line and move in the direction of the downtrend, which could result in a bearish movement.
But
If buyers dominate sellers and price break the downtrend channel, and after breakout if price sustain above downtrend channel then we may witness a significant bull run.
The Nifty 50 is currently trading close to the supply line of the downtrend channel. There is a strong chance that the price will be rejected at the supply line and move in the direction of the downtrend, which could result in a bearish movement.
But
If buyers dominate sellers and price break the downtrend channel, and after breakout if price sustain above downtrend channel then we may witness a significant bull run.
Website : marketup2date.com
Telegram for Updates: t.me/MarketUp2Date
WhatsApp Channel for Updates:
whatsapp.com/channel/0029Va6ByyH0LKZCc4Az4x0u
YouTube Channel:
youtube.com/@Marketup2dateByAfnan
Telegram for Updates: t.me/MarketUp2Date
WhatsApp Channel for Updates:
whatsapp.com/channel/0029Va6ByyH0LKZCc4Az4x0u
YouTube Channel:
youtube.com/@Marketup2dateByAfnan
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.