Observation of Nifty 50 on 75 MINUTES CHART on Dt. 02.02.2024
1.Today Nifty 50 touched the ATH level of 22125 and faced resistance and thereafter drastically rejected from ATH level.
2.On daily chart made the Shooting Star candlestick pattern which depicts that buyer are loosing the ground and sellers are pushing the price lower indicating trend reversal
towards downside.
3.Nifty will make new high only after breaching 22125 level with strong candle.
4.If bounced from 1st support zone in upcoming days then it may touch again ATH level.
5.If breacehd the 1st support zone on downside,then it may decline upto 2nd support zone
1.Today Nifty 50 touched the ATH level of 22125 and faced resistance and thereafter drastically rejected from ATH level.
2.On daily chart made the Shooting Star candlestick pattern which depicts that buyer are loosing the ground and sellers are pushing the price lower indicating trend reversal
towards downside.
3.Nifty will make new high only after breaching 22125 level with strong candle.
4.If bounced from 1st support zone in upcoming days then it may touch again ATH level.
5.If breacehd the 1st support zone on downside,then it may decline upto 2nd support zone