Nifty 50 Analysis on Weekly Chart (October 22, 2024)

The Nifty 50 is experiencing a correction after an extended rally. Watch for support around the 61.8% retracement level. The overall trend remains bullish, but caution is advised as the bearish signals from the MACD and RSI suggest more downside may be ahead.
Chart PatternsTechnical IndicatorsTrend Analysis

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