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nilanjan62

Nifty 50 study based on missed pivot point

Indeks Nifty 50 (NSE:NIFTY)  
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NSE:NIFTY   Indeks Nifty 50
Trend Analysis Chart Patterns Technical Indicators
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NIFTY This study of mine is based on Yearly pivot point standard.

We can see why 2020 fall was extremely big and it fell till 2017 yearly missed pivot, a pivot which price didn't touch and went up.

Again we can see a missed yearly pivot in 2021 and 2022 price tested the latest yearly pivot and went up and facing resistance at previous R2 level.

This might be a sign of a big fall again.
This study is my idea, i may not be right about it. Trade with your own strategy. This is only for educational purpose.

Komen:
There is one more missed yearly pivot in the chart...Year 2014 pivot
Komen:
Not feeling good, midcap, smallcap situation is bad
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.