I have been posting to warn the retail investors foreseeing the risks in the markets. Here is NIFTY 50 for you.
With my technical analysis , the NIFTY 50 uptrend breaks as you can clearly see it in my chart. This will ignite major major sell off. The price targets are at the scariest levels.
Peak Price: 22,430 Current Price: 9,500 Price Fall Target: 2250 - 2550
I wish this shouldn't happen. Yet, i can't deny the fact what i see in the chart.
For more updates, follow me here. ~RPS~
Legal disclaimer: I am not a financial adviser. The advice here given is not a financial advice even though my excitement might make it look like such. When I say: "Buy/Sell now!" or "Do's and Don'ts" or something like that — it is my personal opinion. I do what I believe is right and at the end of the day I am just a person, not an expert. You trade at your own risk and nobody can guarantee you results. I post because I care.
Trade active
⋅
Markets tend to give opportunities for us. This is one such opportunity. Here, the market price hits 7.5k support and bouncing back to 10.5k to 11k resistance. Expect rejection from the resistance zone. When that happens, my next target is 6.1k to 6.2k level. For bullish scenario, price should go above 11k and hold 10.5k as support.
This is nothing new.These operators have developed fine methodology to extract the blood of the retail investors.They have made enough money by projecting rosy picture. Now they will project gloomy picture of economy to make money by shorting .
don't worry this will not happen. Nifty is going to test 7500-8000 if 8555 breaks. At there correction seems to finish
CoolTrader7890
⋅
2500 will damage the country and economy so i think it sldnt happen
praveensam001
⋅
@CoolTrader7890, Yes, there are other trend reversal points even before 2500.. But it's too early to call those levels that requires some more upcoming price action to confirm those levels and it's probabilities..
CoolTrader7890
⋅
@praveensam001, ya so right at what level u see market to fall and bounce back has right its rallying up sp....