The chart displays the weekly price action of the Nifty 50 Index
The chart displays the weekly price action of the Nifty 50 Index, with a strong upward trendline drawn from March 2020 lows to the present. This trendline acts as a key support level, and the index is currently testing this support. A break below the trendline could signal a bearish shift, while a bounce may suggest a continuation of the long-term uptrend.
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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.