After nearly a year long rally (24 march 20 to 16 Feb 2021), Nifty is in a downtrend. It has tried to test the upper band of the channel four times since then. The bottom trend-line however has repeatedly been knocked at. The Red Candlesticks are all over since feb (i.e., Market opens high and closes with more than a 1% drop). March second half was brutal. A retest of 14000, is imminent. Though its just a 5% drop from the current levels, 14000, would be the very key level before which big long side positions should be avoided.
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.