Get started
kpraveennitw

17500-600 level is critical.

Nifty 50 Index (NSE:NIFTY)  
kpraveennitw Updated   
NSE:NIFTY   Nifty 50 Index
Trend Analysis Harmonic Patterns Chart Patterns
1
0
trendanalysis harmonicpatterns chartpattern
Rejection from 17500-17600 level can be very cautious can lead to 16200 level in midterm(1-3 months)
Breakout from 17500-600 level can lead nifty to 19400 level in mid term(1-3months)
Comment:
As we see rejection from 17500-17600 zone.this zone is very critical Monday move will decide midterm(1-3 months) direction of nifty.It will be long move either down or up.
Comment:
rejection from 17600 suggest down trend.but consolidation in last one hr giving a confusing signal .17352 to be good support.if it breaks 17350 then down move will be confirmed.be cautious till it cross 17352.Till that time trail your short side trades.
Comment:
we are in towards 16800 journey.
Disclaimer

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.