- Nifty's Recent Performance:
- Nifty has shown a strong upward trend since September 1st, 20220.
- Anticipating a Pause:
- Expecting a Brief Pullback: There's a possibility of a small pullback or consolidation in the near term.
- ATR-Based Signals: Historically, this pullback coincides with signals from my custom ATR-based study.
- Looking at the Numbers:
- 50% Pullback Expected: Anticipating a 50% retracement from recent gains.
- Buying Opportunity: Consider looking to buy around the 21-day Moving Average after the anticipated small pullback.
This analysis suggests that Nifty's impressive run might take a breather, offering a potential buying opportunity after a short-term pullback.
- Nifty has shown a strong upward trend since September 1st, 20220.
- Anticipating a Pause:
- Expecting a Brief Pullback: There's a possibility of a small pullback or consolidation in the near term.
- ATR-Based Signals: Historically, this pullback coincides with signals from my custom ATR-based study.
- Looking at the Numbers:
- 50% Pullback Expected: Anticipating a 50% retracement from recent gains.
- Buying Opportunity: Consider looking to buy around the 21-day Moving Average after the anticipated small pullback.
This analysis suggests that Nifty's impressive run might take a breather, offering a potential buying opportunity after a short-term pullback.
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.
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.