Trend analysis of NIFTY 50
The Nifty 50 is currently trading close to the supply line of the downtrend channel. There is a strong chance that the price will be rejected at the supply line and move in the direction of the downtrend, which could result in a bearish movement.
But
If buyers dominate sellers and price break the downtrend channel, and after breakout if price sustain above downtrend channel then we may witness a significant bull run.
The Nifty 50 is currently trading close to the supply line of the downtrend channel. There is a strong chance that the price will be rejected at the supply line and move in the direction of the downtrend, which could result in a bearish movement.
But
If buyers dominate sellers and price break the downtrend channel, and after breakout if price sustain above downtrend channel then we may witness a significant bull run.
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Disclaimer
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Access the powerful Demand and Supply Zone Pro indicator at:
marketup2date.com
Stay updated on Telegram:
t.me/MarketUp2Date
Join our WhatsApp channel:
whatsapp.com/channel/0029Va6ByyH0LKZCc4Az4x0u
marketup2date.com
Stay updated on Telegram:
t.me/MarketUp2Date
Join our WhatsApp channel:
whatsapp.com/channel/0029Va6ByyH0LKZCc4Az4x0u
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.