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Nifty Outlook: Is This The End Of The Bull Market?

Free nse nifty chart calls

Free nse nifty chart calls

After breaking the parallel channel, the price entered the value area.

Price has started a seller initiative by going out of the price zone.
Buyers responded more to sellers’ initiatives with an excess.

At this juncture, the price has entered the value area.
The lower band indicates the demand pressure.

If the price does not stay above the lower band at 17250, it could move downwards to the lower levels – 16628-16410, because the price didn’t break the 78.6% level.
Otherwise, the price will surge towards 17369- 17487-17612.

Note that if the price does not break the control line, it can not reach the upper band.

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Mr.Guru is a registered investment advisor for Moneymunch, he is a regular guest on popular channels and writes for several newspapers and financial journals. They've black magic of stock market analysis because studied charts over 20 years.

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10 Comments

  1. yes possible movement. The breakout of the price from the minor channel should transform the price in something else. So we can see some volatile in the indexes finally.

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