Nifty 50 IndexLong
Nifty 50 bearish trend
Analyzed nifty 50 on three month basis period is clearly reflecting bearish nature of trend .
since 1192 nifty 50 followed a phenomenon when nifty enters in downtrend forms on an average 4 red candles on three months time frame and remain in down trend on an average 9-12 months in bearish trend.
Also when bull in bull run almost nifty doubles from its previous bear market low and almost retraces to 20 to 30 %
since 1192 nifty 50 followed a phenomenon when nifty enters in downtrend forms on an average 4 red candles on three months time frame and remain in down trend on an average 9-12 months in bearish trend.
Also when bull in bull run almost nifty doubles from its previous bear market low and almost retraces to 20 to 30 %
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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.