Nifty 50 IndexShort
Nifty possible down move (long term)
Nifty could be forming a flat pattern. If Nifty breaches the (b) wave lower trendline, then it could follow the path shown by the blue arrows.
(A break out from the upper trendline could you create other possibilities, one being as shown by the orange arrow).
(A break out from the upper trendline could you create other possibilities, one being as shown by the orange arrow).
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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.