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गिरावट के आखिरी दौर में Nifty?📉
बन गया है Bottom या और गिरेगा? 🔻
📊Nifty क्यों दे रहा है Oversold होने के संकेत?
22000 का लेवल टूटेगा या आएगी रिकवरी?🎯
Is Nifty in the final phase of its decline?
after 8 Weeks of straight decline is this time to recovery?
in 2008 Nifty fell for seven straight weeks and dropped 22%, and in 2020 during Covid too, the maximum stretch was seven consecutive weeks, when it fell 33%.
Now, what the old data shows is that after falling continuously for 7 to 10 weeks, Nifty tends to give a strong recovery.
So after last week’s eight-week decline, has it already made a bottom there and won’t fall further, or could there still be panic for another week or two? That’s what we need to watch.
Nifty’s RSI is at 22.5. On Thursday, intraday, the RSI had reached the 20 level, and the last time RSI was at these levels was during Covid, in March 2020.
since you’re around those levels, there’s every possibility that the market could make a bottom anytime this week or over the next one or two weeks and try to stage a recovery.
#Nifty #Nifty50 #StockMarket #IndianStockMarket #NiftyRSI #NiftySupport #MarketBottom
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