Niffty50
Nifty 50 Falling WedgeNSE:NIFTY
Entry - 17900+ (White Ray)
Stop Loss - 17650 (Red Ray)
Target 1 - 18200 (Green Ray)
Target 2 - 18475 (Green Ray)
Target 3 - 18700 (Green Ray)
NIfty 50 has been forming a Falling Wedge in a daily time-frame. The volumes have been comparatively high which means that a good base has been formed. The FIIs are oversold and stand at around 19% long position. So there is a high chance of FIIs getting back to buying.
Chart
There was a false breakout on 24th January (Blue arrow). Which caused a very fast sell off and also there were news triggers to cause the sell off.
Today i.e. 9/2/2023 would be crucial for NIfty. A breakout could help Nifty go higher and the bulls would take control. High risk entry would be immediately after the breakout. A less risk entry would be at a re-test of the wedge.
niffty 50 50 target will be!niffty 50 50 target will be! 18500-19500-20000 wil be hit
what is the main reason ?
nifty50 traveling time how many ofyears!
short target 16750 ? (us fed repo rate not usable)
it wil be reach above written,
traders and investor inc.....d
food is important(farmer) (food crisis, jobless claim data for only gold impact us market that means big )
it is time to big move
this is analysis only few days ago (post today 14-9-2022) post writing data nifty 18011
dont take be serious! may be move.....