Nifty analysis for coming days/week. nifty has formed a bearish piercing pattern on weekly time frame, on daily time frame its a Doji. Rest all explained in video.
tried analyzing NIFTY IT index.
we all can see a new bottom getting formed which will be beneficial for long term investors - especially index investor and which will create a another pit stop. this video is purely educational.
price is in a range from last one and half month. expecting a upside breakout in coming months or days. if breakdown comes i.e ( weekly close below 14500) we have targets till 13k-13200 level but our view is bullish and we expect a upside breakout for a target of 16700-17k.
it seems to me this time mega bo is coming i have accumulated this in cash