Get started
techtrail

Nifty 50 Weekly: Bounce off the Support Line

Education
Nifty 50 Index (NSE:NIFTY)  
techtrail  
NSE:NIFTY   Nifty 50 Index
Trend Analysis Andrew's Pitchfork Pitchforks
5
0
trendanalysis andrewspitchfork pitchfork
The Nifty 50 index bounced off the lower parallel of the Wyckoff reverse-trend-channel. Here is the chart with pitchforks. Notice how price bounces off the first warning line of the green pitchfork.
snapshot

Outlook is bullish for the Nifty as long as the recent lows are not violated...
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.