Nifty Week Ahead

ontem

NIFTY is down 11.7% off its High Trading at a PE of 21.4x

Trade Setup:
It can be a Good 1:1 RISK-REWARD Trade. If the Base S1 is Broken it can further correct to Base S2. NIFTY is now in a downtrend Making Lower Low and Lower High on Daily Charts so there is a higher Probability.

Target(Take Profit):
21700 Levels or 100 WEMA for Positional & Swing Trader.

Stop-Loss:
Weekly Close above 50 WEMA For Swing Trader and 24700 for Positional Trader.

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Disclaimer: This analysis is intended solely for informational and educational purposes and should not be interpreted as financial advice. It is advisable to consult a qualified financial advisor or conduct thorough research before making investment decisions.