There is head and shoulder pattern in nifty weekly chart, So nifty might retrace the height of shoulder, that is around 7726 . Also as per ABCD pattern nifty might retrace 7692. Also this would take the nifty to over sold zone (RSI). So this is the time to buy costly stock cheap rate. Also use money management. Buy at every support level.
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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.