Nifty 50 Analysis & Prediction for Monday 5 Aug 2024
Disclaimer: Any of my posts should not be considered as a Buy/ Sell/Hold recommendation. This analysis is for educational and learning purpose only.
I always recommend using Stop Loss and following risk management rules.
Nifty is creating a retracement in a buying trend so
Condition 1- if Market opens and test it's previous resistance and holds that level then I am expecting upmove
Condition 2- If Market opens and retrace little more then also Price can bounce after creating support.
Market can create other conditions also So wait and observe properly.
I always recommend using Stop Loss and following risk management rules.
Nifty is creating a retracement in a buying trend so
Condition 1- if Market opens and test it's previous resistance and holds that level then I am expecting upmove
Condition 2- If Market opens and retrace little more then also Price can bounce after creating support.
Market can create other conditions also So wait and observe properly.
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.