technical analysis of nifty 50

2 thg 6, 2022

The market from a long time is creating a pattern for falling wedge within which all levels are been respected . In continuation with the long term trend and the short term trend the market will be in a bullish mode for the next 15-20days . The next target to be achieved by the market is upto the levels of 17600 . Talking about the indicators the moving averages are supporting the trend . Also the volatility is not too much in the market as that can be seen through bollinger bands. In pivot points the pivot range is been broken and the market has a great potential to go upside.