Nifty Analysis for Long Term View
Previous Bullish View (4th October)
Strong candle closed on the trendline
Nifty moved up 200 points post-closure
Current Scenario
Reversal occurred
Closed below the trendline
Trendline currently acting as resistance
Bullish Scenario Requirements
Nifty needs to make a strong close above the trendline
Key Points for Traders
Watch for a convincing break and close above the trendline
Monitor volume on bullish moves
Be cautious of false breakouts; confirm with subsequent price action
Consider the broader market context and any upcoming economic events
Strong candle closed on the trendline
Nifty moved up 200 points post-closure
Current Scenario
Reversal occurred
Closed below the trendline
Trendline currently acting as resistance
Bullish Scenario Requirements
Nifty needs to make a strong close above the trendline
Key Points for Traders
Watch for a convincing break and close above the trendline
Monitor volume on bullish moves
Be cautious of false breakouts; confirm with subsequent price action
Consider the broader market context and any upcoming economic events
Follow Us on social Medium: linktr.ee/DragonFly_Trading
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.