مؤشر Nifty 50
تم تحديثه

NIFTY with SCHIFF PITCHFORK

695
NIFTY monthly chart as seen after drawing SCHIFF PITCHFORK .

WE can observe few things here:

1) The median line is very strong support and candles in the past clustered around the median line before a bounce.
2) Whenever Nifty went to the +50% line (upper half) it reversed. It happened 2 times, i.e late 2010 and early 2015 (marked for your reference)
3) Most of the times NIFTY has been trading in the upper half of the pitch fork .
4) The angle of inclination of the median line is apporx 14 to 15 degrees indicating slow and steady growth over the years.
ملاحظة
More observations and suggestions are most welcome :) _/\_
ملاحظة
This chart suggests Nifty could see more upside in days to come
ملاحظة
.
Nifty moving towards the +50% line!
Lets see if its going to touch it this time again. If it touches then is it going to break it or bounce back.
ملاحظة
Nifty moving towards the 50% line
ملاحظة
pitchfork still valid
ملاحظة
Moving towards the median line

إخلاء المسؤولية

لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.