Nifty CMP 24962
Elliott- the rally is the B wave and is over in my view. The C wave down fall should start from here. The minimum tgt is 24370 and max is 24K.
Fibs- fib confluence is at 25K and 25100 . Hence we know the Index is at strong resistance zone.
Geometry- the geometry is indicating the current zone to be a strong resistance.
Double top- it has formed a double top on the hrly charts.
Conclusion - hence to me this rally is done and a sharp down fall should happen from here.
Elliott- the rally is the B wave and is over in my view. The C wave down fall should start from here. The minimum tgt is 24370 and max is 24K.
Fibs- fib confluence is at 25K and 25100 . Hence we know the Index is at strong resistance zone.
Geometry- the geometry is indicating the current zone to be a strong resistance.
Double top- it has formed a double top on the hrly charts.
Conclusion - hence to me this rally is done and a sharp down fall should happen from here.
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.
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.