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CuriousChartist
29. Dez. 2020 13:20

NIFTY50- Expecting some Correction Again? 

Nifty 50 IndexNSE

Beschreibung

Last week on Monday, the fall that we saw was on account of a stock exchange glitch. However, in the same week the whole loss was nullified leaving evryone at sea.

But now if I go by what the chart is telling me, it says the chart pattern formed is a Rising Wedge Pattern.
There is also a Bearish Divergence along with the ADX losing steam.

Now , either tomorrow the price breaksout and then starts taking support of the channel border or if it breaks down then I see a correction atleast till the red dashed lines. A fall below those levels could trigger a bigger fall.

Let's be a little cautious before blindly breaking the bank.
Kommentare
ckirtane
fully agree with you.
CuriousChartist
@ckirtane Well markets are proving otherwise. Learning is on. Stop loss is our protector. Till then #Ridingthetrend
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