Nifty once again challenging Parabolic advance curve

2019년 8월 1일

The Nifty is challenging the multi-year parabolic curve support line. A close below 10,525 would indicate a much deeper correction could occur. The weekly chart exhibits a possible right angled broadening pattern. These patterns typically break out of the horizontal boundary. Should the parabolic curve give way the target for the Nifty would become 8250.