Bank Nifty Current View:
It looks similar to Nifty's sentiment. If the market takes an initial pullback, it could reach a minimum of 61% to 78%. After that, if it consolidates or breaks this level, the rally will likely continue. Conversely, if it rejects this level, it may consolidate between the previous low and the upcoming high. If it breaks below the bottom of the swing, the correction will continue. Conversely, if it breaks the 61% level on the upside, the rally will continue.
Alternate View:
The alternate view suggests that if the market initially declines, it may indicate a range-bound market, which means it may consolidate between the previous low and the opening price. After that, if it breaks below the bottom of the swing, the correction will continue. Conversely, if it breaks the 61% level on the upside, the rally will continue.
It looks similar to Nifty's sentiment. If the market takes an initial pullback, it could reach a minimum of 61% to 78%. After that, if it consolidates or breaks this level, the rally will likely continue. Conversely, if it rejects this level, it may consolidate between the previous low and the upcoming high. If it breaks below the bottom of the swing, the correction will continue. Conversely, if it breaks the 61% level on the upside, the rally will continue.
Alternate View:
The alternate view suggests that if the market initially declines, it may indicate a range-bound market, which means it may consolidate between the previous low and the opening price. After that, if it breaks below the bottom of the swing, the correction will continue. Conversely, if it breaks the 61% level on the upside, the rally will continue.
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Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.