Nifty in bear attack.. where is the bottom ?
Updated
Nifty made all time high near 26277 and from there corrective wave (a) is in progress..
yesterday close at 24819 near golden fib ratio 0.618
Upside resistance 25225.. above this level only bulls will have stregnth.
Bulls need to defend POC (power of control) at 24290 & 24090 .. act as support levels
MACD still negative indicating sell on rise mode.
Disclaimer : I am not SEBI registered.
yesterday close at 24819 near golden fib ratio 0.618
Upside resistance 25225.. above this level only bulls will have stregnth.
Bulls need to defend POC (power of control) at 24290 & 24090 .. act as support levels
MACD still negative indicating sell on rise mode.
Disclaimer : I am not SEBI registered.
Note
nifty moving for wave b.. immediate resistance 25226...
whereas golden fib level is 25685
Trade closed: target reached
reminded to sell on rise...
nifty exactly resisted near our resistance level 25226
and made low 24934 till now..
nearly 300 points move captured
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.