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VarunNeel90
Jan 23, 2021 9:33 PM

Will there be a big correction??? 

NSE:NIFTY1D
Nifty 50 IndexNSE

Description

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Nifty formed double top or M pattern on Daily Chart
Will there be a Correction continuation or a Big Crash coming like last year???

Rsi Divergence too strengthening the idea of huge correction atleast 10% or 14000 points

Comment

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its 1400 pts .... typing mistake sry

Comment

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no way to edit or delete in trading view so....
Chart PatternsTechnical Indicatorsnifty50rsi_divergencempatternDouble Topcorrectioncrash
Comments
agenesistech
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yes , expecting big Correction
ckirtane
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weekly rsi is not falling much so this is a usual running correction (max 13900) for 2 weeks & nifty will march ahead to 15500.make usu of this fall to buy as much as possible. final target 20000 till march 2022. fy 21-22 will be the best year for market.
VarunNeel90
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@ckirtane, yeah i guess so ... may be looking at monthly chart may be 12500 would be its biggest support in case Nifty falls below 13500 or more... but after that as u said , there will be a big bullish movement again till 20k or even more. anyway im not cnsidering this to a crash.
budget decides its future direction either 13500 or 15000
Navrah
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Is it 1400 or 14000? 🥴🥴
VarunNeel90
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@Navy1123, sry 1400 my mistake
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