NIFTY 50 - One last pullback before acheiving new highs Long

Nifty 50 IndexNSE

Description

⋅ Dec 18, 2021 9:56 AM

Nifty has been falling since 19th Oct creating a falling wedge pattern that contracts until 0.6 fib level which also the resistance for previous breakout that might turn support now. Lets see price action there

Trend Analysis Chart Patterns

Comments

suryawanshirupesh25

⋅ Dec 19, 2021 7:25 AM

Great analysis.

sckeshari344

⋅ Dec 18, 2021 3:56 PM

Good analysis.
lower low of 5th wave shall also be completed near to 0.6 fib level. From there, we may see start of new trend.