Nifty 50 IndexShort
Nifty Weekly Analysis For 22-07-24 to 26-07-24
Nifty Weekly Analysis For 22-07-24 to 26-07-24
Nifty is overbought in both daily and weekly timeframes.
Nifty formed a Shooting star candle in Weekly and Bearish Engulfing in Daily chart,
which indicates a possible correction in the coming weeks.
24450-24850 is the Range for Next Week.
If Nifty trades below 24450, more downside possible and Targets are 24300/24150.
If Nifty gives recovery and retests 24850, Short from top for the targets of 24700/24500.
Long only above 24850 for the targets of 24980/25080.
View: Downside to Sideways Market.
Nifty is overbought in both daily and weekly timeframes.
Nifty formed a Shooting star candle in Weekly and Bearish Engulfing in Daily chart,
which indicates a possible correction in the coming weeks.
24450-24850 is the Range for Next Week.
If Nifty trades below 24450, more downside possible and Targets are 24300/24150.
If Nifty gives recovery and retests 24850, Short from top for the targets of 24700/24500.
Long only above 24850 for the targets of 24980/25080.
View: Downside to Sideways Market.
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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.
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.