and since then nifty has been following a pattern and has corrected almost 8%.
Formation of an that too near the breakout point shows significant selling pressure
i believe, if we break the low of this which is 14420 levels, then we will be going to test the 14100 levels again
the whole point here will be how market absorbs the covid situation and how investors react to all of the chaos around us.
i think the perfect long opportunity for anyone should be when we cross the highs of this that is 15050 levels
if we somehow cross the upper mark, we may get to see a retest of the all time high once again.
but, covid showed what a news can do to the market. So dont force your idea or speculate blindly right now. let us all focus on what price is showing to all of us and also take sentiments into consideration.