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Varthagam-Seivom
Nov 11, 2019 3:24 PM

Nifty weekly analysis - 11th Nov 2019 Short

Nifty 50 IndexNSE

Description

1. As per the chart, nifty is formed double top & raising wedge pattern also seems ascending triangle pattern. As per the pattern formation nifty should come next resistance of 11371.

2. Fib level swing high to swing low is showing .5 fib level ( golden ratio) 11371..

Most probably we expect nifty will fall in coming weeks.

Target is 11371.
Comments
gomethu
Sir nifty & bank nifty all time high any other update?
Varthagam-Seivom
@gomethu, always stock creates a new high before its falling.. In my view it is downtrend only... let’s see in next week..

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