Nifty can go down after the selling started at resistance level 14700. Level to watch is next fib level .618 14526 and can extend to 14402 in intraday level on monday. 14490 is good level to watch for safe traders to head toward 14400.
In 15 min a trendline break can be seen as weakness confirmation. After 14400 a pull back is expected till 14530-80 before heading towards 14200-14000
On Daily chart nifty is heading toward 14040.
Long pattern 3 driver in forming and target is 14040 this month. Chart is self explanatory.
DISCLAIMER:There is no guarantee of profits or no exceptions from losses. The study provided is solely the personal views of my research. You are advised to rely on your judgment while investing/Trading decisions. Past performance is not an indicator of future returns. Investment is subject to market risks. Seek help of your financial advisors before investing/trading.
In 15 min a trendline break can be seen as weakness confirmation. After 14400 a pull back is expected till 14530-80 before heading towards 14200-14000
On Daily chart nifty is heading toward 14040.
Long pattern 3 driver in forming and target is 14040 this month. Chart is self explanatory.
DISCLAIMER:There is no guarantee of profits or no exceptions from losses. The study provided is solely the personal views of my research. You are advised to rely on your judgment while investing/Trading decisions. Past performance is not an indicator of future returns. Investment is subject to market risks. Seek help of your financial advisors before investing/trading.