So, Nifty is repeating history and is in Bearish Ascending Broadening Wedge formation on top.
If you compare it with last ATH where it made same formation with same retracement before the fall starts.
Today on 30th January it has completed the setup and now as per Elliot Wave Analysis as well we are getting our wedge break down target of 2600 points down from here.
24050 should be first stop before continuation downside.
Invalidation: 1D close above 25950 (GIFTY)
If you compare it with last ATH where it made same formation with same retracement before the fall starts.
Today on 30th January it has completed the setup and now as per Elliot Wave Analysis as well we are getting our wedge break down target of 2600 points down from here.
24050 should be first stop before continuation downside.
Invalidation: 1D close above 25950 (GIFTY)
Aviso legal
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Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.