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Rudved
Aug 4, 2021 10:13 AM

Small retracement possible, but we will continue the run Long

NSE:NIFTY1D
Nifty 50 IndexNSE

Description

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Checkout my post from 25th July 2021, Nifty is exactly following the path I had predicted.
in.tradingview.com/chart/NIFTY/tIlOynsA-Flag-and-Pole-in-Daily-TF/

Although Nifty is well within rights to keep going up, Bank Nifty may see a small retracement which will reflect in Nifty too.
Trend Analysis
Comments
sripal_34
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how much retracement can we expect in bank nifty ? please update
Rudved
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@sripal_34, On the Daily TF check the trend line from 16th Feb to 16th July, I believe we will touch it again before continuing.
Rudved
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Exactly as analysed
sripal_34
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@shaileshyankanchi, yes...
Rudved
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@sripal_34, Thank you for following me. You would be my first follower. I will be posting daily TA
sripal_34
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@shaileshyankanchi, i should thank you for giving your valuable advice....because of your advice i exited my short position in morning....
Rudved
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@sripal_34, Happy it helped. The decision was yours, you should commend yourself :)
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