NIFTY: There is no better level to buy than now.

4 เม.ย. 2023

Nifty on the 1W time-frame is a straightforward buy. It is not just the attractive (now neutral) technical indicators (RSI = 48.265, MACD = -7.860, ADX = 27.064) but also the fact that the 1W candlesticks along with the 1W RSI being on a HL trendline, repeat a pattern which since 2011 starts an incredible rally.

The HL suggest that the index won't fall more from the current levels and should rise a minimum of +35% from November's High. We are heavily bullish on Nifty (long term TP = 26,000).


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