- 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.