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Índice Nifty 50
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NIFTY - Bullish while trading in between 2 strong trendlines

Por peace_lover
  • STRONG SUPPORT TRENDLINE -

    market has reversed from a very strong support trendline recently indicating potential upward momentum. This trendline had previously been tested 3 times & each time market went significantly upwards afterwards

  • STRONG RESISTANCE TRENDLINE -

    market is also nearing a strong resistance trendline which had been tested earlier by forming a double bottom pattern
    snapshot
  • OVERBOUGHT INDIAVIX -

    indiavix has recently become overbought indicating correction which in turn will cause the market to go upwards

OscillatorsSupport and ResistanceTrend Lines
peace_lover
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