Get started
Wealthcam

Will NIFTY continue being BEARISH or TREND REVERSAL coming up..?

Nifty 50 Index (NSE:NIFTY)  
Wealthcam  
NSE:NIFTY   Nifty 50 Index
Trend Analysis Candlestick Analysis Multiple Time Frame Analysis
1
0
trendanalysis candlestick mtfa
As you can see NIFTY had been in downtrend since last month and had been following a trendline and from same trend-line we saw a great rejection! Moreover the previous acting as strong SUPPORT can now act as a Good resistance, level being 16800-16850 acting as a great resistance! Hence we will only go long and we can expect a sharp recovery if the above resistance is broken above as it would also break the resistance above so everyone keep watching
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.