@bangalorean, my doubt is will nifty come down for 7500
BJ_Paladiya
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@pradeepdsouza11,
no doubt sir
nifty definitely come down at 7500
rahulgupta087
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@pradeepdsouza11, no ....may be upto 8500...under weak supports or extended lockdown
ppsp9419
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@pradeepdsouza11, Buyers are activated and traders also ..nut in case th e lockdown period may be extended for atleast 30 days as per other countries..then share price hits target 8010..because , lots of money is not in the market now a days.
I have use these indicators in the past but these indicators lacks reliability when markets is witnessing extreme volatility. So, be cautious rather use fibonnaci retracement levels ... it has just broken 61.8% level which was around 2250 and it can go all the way down to its next support at 78.6% level which is around 1600.
@pradeepdsouza11, just put the indicator from the 5 year high to five year low ... You will get different price points based on retracement levels... Typically stock price move from one retracement levels to another