Trend analysis of NIFTY 50
The Nifty 50 is currently trading close to the supply line of the downtrend channel. There is a strong chance that the price will be rejected at the supply line and move in the direction of the downtrend, which could result in a bearish movement.
But
If buyers dominate sellers and price break the downtrend channel, and after breakout if price sustain above downtrend channel then we may witness a significant bull run.
The Nifty 50 is currently trading close to the supply line of the downtrend channel. There is a strong chance that the price will be rejected at the supply line and move in the direction of the downtrend, which could result in a bearish movement.
But
If buyers dominate sellers and price break the downtrend channel, and after breakout if price sustain above downtrend channel then we may witness a significant bull run.
Website : www.marketup2date.com
Telegram for Updates: t.me/MarketUp2Date
WhatsApp Channel for Updates:
whatsapp.com/channel/0029Va6ByyH0LKZCc4Az4x0u
YouTube Channel:
www.youtube.com/@Marketup2dateByAfnan
Telegram for Updates: t.me/MarketUp2Date
WhatsApp Channel for Updates:
whatsapp.com/channel/0029Va6ByyH0LKZCc4Az4x0u
YouTube Channel:
www.youtube.com/@Marketup2dateByAfnan