When the price is at an all-time high, the best way to gauge the trend's strength is to observe its reaction to its previous range. Large and impulsive expansion stages indicate a strong trend.
However, when examining the NIFTY chart on the daily timeframe, the price consistently revisits the extreme discount pricing of its previous range, immediately after breaking the high.
This pattern signals weakness and suggests a potential free fall towards 20,700. Price can make one more ATH before the fall.
Additionally, the election results scheduled for June 4, 2024, could serve as the trigger for this anticipated decline.
However, when examining the NIFTY chart on the daily timeframe, the price consistently revisits the extreme discount pricing of its previous range, immediately after breaking the high.
This pattern signals weakness and suggests a potential free fall towards 20,700. Price can make one more ATH before the fall.
Additionally, the election results scheduled for June 4, 2024, could serve as the trigger for this anticipated decline.
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면책사항
이 정보와 게시물은 TradingView에서 제공하거나 보증하는 금융, 투자, 거래 또는 기타 유형의 조언이나 권고 사항을 의미하거나 구성하지 않습니다. 자세한 내용은 이용 약관을 참고하세요.