#Nifty50 With A Possible Bearish Flag

18 thg 10, 2023

I have also detailed some dangers for the Nifty50 on a Weekly chart on 27 August 2023 already. Here on the Daily chart, as also on the Weekly, we see a Bearish Divergence between price and technical indicators. After today's close, it looks as if the price is starting to fall out of what currently looks like a Bearish Flag. Shorter term than the Weekly, but it seems to tell the same story and the action on the Daily could lead to more action on the Weekly chart.