merushi22

NIFTY WEEKLY CHART ANALYSIS

NSE:NIFTY   Nifty 50 Index
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After two big major events NIFTY has bounce back very sharply from its recent low and trading in downward channel . Medium term trend is down. Nifty has two support areas according to the Fibonacci price cluster i.e 8067.67-8167.48 & 7825-7952. RSI is trading at 48 which may find support at 40 level. Nifty once again may test first support area from where we can see a bounce back till 8600 level.

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not able to understand the levels from the chart... could you please magnify and post it again ?
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merushi22 SaurabhMehra
@SaurabhMehra, Please go through this link it might be clear...If its not working please let me know.

And thank you so much for showing interest in my work. I hope we can learn a lot from each others work.
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Please keep chart some more vivid while posting ideas,
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merushi22 ajayww2
@ajayww2, ok and thanx
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merushi22 ajayww2
@ajayww2, Please go through this link it might be clearly visible. And thanks for showing interest in my work. I hope we can learn a lot from each others trading ideas.
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