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Nifty 50 Index

NIFTY50 projected correction and resumption of the bull market

By drjimbeam
Updated
A fun fractal with bar patterns from 2015 overlay on current price action. 200D MA in red with projected path and downtrend break in middle of 2023. Time to average in. Cheers.
Comment
Fractal didn't play out, no surprise. Support box provided a strong bounce, let's see if this is a lower high or one that breaks us out of this downtrend.
FractalTrend Analysis
drjimbeam

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