Nifty should see Bottom considering longterm trendline

As per long term trendline I expect nifty to take support at current level.

Percing line is seen at this level I think it is indication of support.

 

Update: 30 Aug

Now we can see morning star candlestick pattern. These are good indication of trend reversal.

Uptrend stocks in bear market

I was screening some of the stocks for general uptrend over longer period. To my surprise I could locate quite-a-few. These are one year charts with weekly candles. One can take long positions in this stocks on every fall.

Will NIFTY take support on the trend line

Nifty may take support at current level. Break out 5500 can take nifty to 5000 level.