NrupenM

Nifty May Fall After Retrace

Short
NSE:NIFTY   Nifty 50 Index
1. Height of triangle was projected in downside. Then Nifty undergoing retrace.
2. After fall of 1 Fibonacci Retrace was 0.6

Conclusion : In case prices continue to fall from these levels it can fall upto 1.6 or 2 level on Fibonacci extension . Expected minimum TGT 8272
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.