Hi
As per my view, Nifty is in a channel as of now...so lets trade accordingly. But its turning out to be a flag Pattern, which is a very bearish signal for coming days.
The Pole length of the Flag pattern is turning out be around 4200 points & the Channel high could be around 9600.
So if the recent lows are broken we could have a dip uptill 5200 in nifty in coming weeks/months.
As per my view, Nifty is in a channel as of now...so lets trade accordingly. But its turning out to be a flag Pattern, which is a very bearish signal for coming days.
The Pole length of the Flag pattern is turning out be around 4200 points & the Channel high could be around 9600.
So if the recent lows are broken we could have a dip uptill 5200 in nifty in coming weeks/months.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.