Nifty Weekly Analysis for 05-12-22 to 09-12-22.
Nifty Weekly Analysis for 05-12-22 to 09-12-22.
18930 is the major Resistance for Nifty this week. If Nifty tests the Resistance zone and reverses
from that level, Targets on Downside are 18640/18500/18425. If Nifty Sustains Above 18930, Uptrend
continues and target on upside is 19135 & New All Time Highs(ATH).
Note: Upside Trendline is holding Nifty since 22-11-22. Downside Confirmation once Nifty breaks the trendline & 18640 level.
18930 is Potential Reversal Zone(PRZ) as per 1.618 Extension of XABCD Pattern in DAILY Timeframe.
18930 is the major Resistance for Nifty this week. If Nifty tests the Resistance zone and reverses
from that level, Targets on Downside are 18640/18500/18425. If Nifty Sustains Above 18930, Uptrend
continues and target on upside is 19135 & New All Time Highs(ATH).
Note: Upside Trendline is holding Nifty since 22-11-22. Downside Confirmation once Nifty breaks the trendline & 18640 level.
18930 is Potential Reversal Zone(PRZ) as per 1.618 Extension of XABCD Pattern in DAILY Timeframe.
Trade closed: target reached:
All Targets Hit on Downside