Nifty 50 Index study with price action : We assume Nifty in a correction phase from 27 - 09 - 24, i.e. 119 calendar days before today. Then market did a upward retracement ( bullish ) from 22 - 11 - 24 for 22 days . This was the longest upward retracement ( bullish ) which was worth mentioning.
As per price action, the market is still in a downard retracement ( bearish ). And we assume it will correct till 5th feb 2025 before doing further upward movement (bullish) which can be short upward correction or a change in direction ( that study we can do later ).
So the summarize:
Nifty 50 downard correction to continue till 5th Feb 2025 ( will it be lowest ? )
The downard target is 21729.
The study invalidation target is 21280.
The Bank nifty study shows different and it is going to go little different from Nifty for some days ( how many days ? )
As per price action, the market is still in a downard retracement ( bearish ). And we assume it will correct till 5th feb 2025 before doing further upward movement (bullish) which can be short upward correction or a change in direction ( that study we can do later ).
So the summarize:
Nifty 50 downard correction to continue till 5th Feb 2025 ( will it be lowest ? )
The downard target is 21729.
The study invalidation target is 21280.
The Bank nifty study shows different and it is going to go little different from Nifty for some days ( how many days ? )
Dagangan ditutup: hentian tercapai
Nifty 50 next key date has been shifted to 27th Jan 2025 due to sudden gap down and reaching a key price of 22800ish. To Summarize:
The downtrend and next key date has been modified to 27th Jan 2025 / 22800 . So the call of Nifty still brearish till a next key date is already achived on 27th Jan. Further flow needs to be analyzed further.
Nota
The downtrend of Nifty 50 and key date has been achived on 27th Jan Nota
Perfect, the trading by time window is proper.
Penafian
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Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.