Confluence of Fib and center of Parallel channel
NIFTY is currently getting rejected from the level that formed due to a confluence of 0.382 level of Fib and the center of the parallel channel.
It will be interesting to monitor price action for few days to see if rejection continues or it breaks and goes above it.
It will be interesting to monitor price action for few days to see if rejection continues or it breaks and goes above it.
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