NIFTY Breaking 2020 Trendline with Monthly Big Bear Candle
Nifty Breakdown 2020 Trendline on Monthly Chart with Big Bear Candle - (Currently Now its show almost Full Bear power Candle near at 10:30am)
If You See the Monthly RSI Is also going to break almost Five years Low 53.30
3rd thing if you comapre RSI low 2016-2020 breakdown its Go more 39% Down in just 2 months.
Chart & Indicator both Saw Very bad Sentiments & Pattern on chart.
my prediction as below as per fibo chart shown in chart
Target as per Fibolevel
T1- 21848.50 (23.8%)
T2- 19108.65 (38.3%)
T3- 16894.25 (50%)
T4- 14679.80(61.8%)
Target as per Chart (Zones)
T1 Zone- 22081- 21588
T2 Zone- 18912-18515.50
T3 Zone- 15645-15177
If You See the Monthly RSI Is also going to break almost Five years Low 53.30
3rd thing if you comapre RSI low 2016-2020 breakdown its Go more 39% Down in just 2 months.
Chart & Indicator both Saw Very bad Sentiments & Pattern on chart.
my prediction as below as per fibo chart shown in chart
Target as per Fibolevel
T1- 21848.50 (23.8%)
T2- 19108.65 (38.3%)
T3- 16894.25 (50%)
T4- 14679.80(61.8%)
Target as per Chart (Zones)
T1 Zone- 22081- 21588
T2 Zone- 18912-18515.50
T3 Zone- 15645-15177
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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.