TradingView
absu21
Dec 11, 2020 5:41 PM

Nifty Long-term trend and levels Cypher Pattern - Modification Long

Nifty 50 IndexNSE

Description

Nifty 50 monthly chart indicates a target between 15201 to 16646 and the bearish reversal may push till 5000 level.

Trade active

The Index is in Target Range !!! Let me know your views !!!
Comments
Dwivedi_VIbhav
seems like that will be the PE bubble burst..
or, also your high is in 2024.. India Election looks like you are making Modi lose 😉
absu21
@Dwivedi_VIbhav 😃👍 but I don't want that too , personally.... but this pattern is a very rare one and trustworthy too... let's see.. what long run gives... 😊😊
alchemistdental
Gann 17500 for nifty approximately for march april is also a reality
alchemistdental
Totally agreed. Even lower possible
shraghu2010
Nifty @5000.... LOL.... Then, China should release another virus...
absu21
@shraghu2010, Note this is a monthly chart analysis so one should understand the timeline also. But note before going to 5000 mark it will give a level of 15000 to 16500 level also and this is also in long term.
So, things what looks funny sometime it is reality... only the time matters...
shraghu2010
@absu21, OK ok... No offense Bro... I will wait for your 5000 level to enter the market.
aaravkotadia
yes we may see bearish trend after FED hike intrest rate after that sharp fake out bullish reversal, after that 1st stop around 11710 to 11365
ofcourse this time bear phase we may see 15 to 18 month down trend + side ways after that
in march 2023 to june 2023 market will show breakout and new cycle will start
More