In previous years nifty has expanded a lot very fast.
it can be seen in chart that nifty has increased by 145%(approx.) from March 2020 till October 2021, after which a down trend was observed on monthly chart.
By taking previous years in account, it can be concluded that Nifty showed a retracement every time. and it was about 50% on an average.
Currently Nifty is going through a retracement since November 2021 on monthly chart.
So how long will the retracement continues?
this is the only question arising in my mind.
will it give a minimum of 38% retracement? or more? or less? god knows.
comment your opinion below.
This study is not a trade recommendation, do your own study and research before getting into any trade.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.