chetanpathare

Nifty Reversal Point 17062: 0.236 of the range

chetanpathare Updated   
NSE:NIFTY   Nifty 50 Index
no points for guessing the reversal point 17062
Range and exactly at 0.236 of the Range, we again got a reversal.
Comment:
today's High was resistance at the trend line.
Comment:
17589.65 is 0.786 level of the range formed after taking support at 0.236 level.

Taking support of this level, we move further up above 17794.6 above 1 level, previous high of 2nd Feb.

We may also find backtesting of the trend, before we move further.