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Nifty This Week — Technical Charts And More: At An Inflection Point, Once Again
20 Nov 2021, 12:16 PM IST
The last week was a bit of a write-off for the bulls. In a slightly truncated week, the prices declined for all four sessions and the Nifty 50 ended down, threatening the swing low made back at the end of October. Since a lower top has formed already in the most recent rally, the break of the last swing low would be a slightly bearish signal of a lower top and lower bottom. Not that we had not seen this earlier... we did, back in Apr...
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