Raja_Chart_Advise

Warning Line gives us a clue

Long
NSE:NIFTY   Nifty 50 Index
I have used Pitchfork on the Nifty chart and it is showing me how beautifully the top and bottom have been captured.

It is at these lower levels of conviction that we get a signal. Here, two days of lower shadow coupled with an inverted hammer does indicate that the bullish attempt at market recovery could be expected.

Till 16800 is not given away one should look to buy on every dip in Feb.

Disclaimer

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.