Step 1: Nifty will retrace 78.6% till 11377.75. Step 2: To form a Head, NIFTY will fall from 11377.75 to 8800 level. Step 3: Nifty will then form another shoulder on the right. Step 4: Nifty breaks below 8800 and falls down to 6225-6350 level which is a big support level.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.