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kugan_vel

Nifty at crucial level - Reversal or major correction?

Nifty 50 Index (NSE:NIFTY)  
kugan_vel  
NSE:NIFTY   Nifty 50 Index
Trend Analysis Chart Patterns Wave Analysis
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trendanalysis chartpattern waveanalysis
1. 2Y trendline was broken in Nov 2021 and is retested this month
2. Double top formation in weekly chart. This formation was seen last time just before the crash in Mar 2020
3. Naturally market should see atleast 0.618 correction (14350) for the uptrending wave started in Apr 2020 post which only the next big rally can be triggered.
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