NSE NIFTY Rebound Change Of Trend Or Just A Correction?

Zaktualizowano
Nifty has been forming a downtrend channel for 140 days. After creating excess on the descending channel, the price has surged sharply.

Price surge stopped between the range of 17110 – 17144. It connotes that nifty can give a big move after the breakout of the parallel channel.

If the Nifty breaches the upper band, we can expect 17365 – 17562 – 1760.

The breakdown of the lower boundary can drive the nifty up to 17026 – 16955 – 16880.

Otherwise, nifty will be the value area until it breaks these levels.
Uwaga
New Update:
Is Nifty About To Resume Bearish The Movement?
Elliott WaveFibonacciNIFTYnifty50niftyanalysisniftyindianiftypredictionniftytrendniftyviewParallel Channel

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