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Nifty 50 Index

Nifty forming Descending Broadening Wedge

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The Weekly charts show a clear pattern that Nifty is forming a Descending Broadening Wedge. Good news is that it is a bullish pattern. Bad news is that if this pattern formation holds true, then we may see a further downside in Nifty in weeks to come, where it can well go down to 15000 levels
shampriyo
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Chart PatternsTrend Analysis

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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.
Chart PatternsTrend Analysis
shampriyo
Also on:

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.