NIFTY Chart Analysis !!!

25 thg 3, 2021

Area between Line 1 & 2 is the area of bulls. When we enter into area between Line 2 & 3 it is the area for bears. This is very short duration area and also 200 EMA. So for some time nifty is in bear grip. To enter into bull range nifty should be above 14800. Also every 2-3 months these corrections are bound to happen. This is 5th time we are observing these corrections. So to sum up we need to trade and book profits when in Line 1 & 2. When we enter Between Line 2 & 3, we should wait for reversal to form and then buy at good dips. It is more about learning these days rather than earning 😅.
Near term Nifty may test 14000-14150, then we may see reversal from there. Also 200 EMA is at 14000.
Plan your trades accordingly !!
Thanks !!