Nifty levels ...06/11/2020 (1hr candle)
Nifty can possibly move further on STOPLOSS HUNTING zone. however the target is achieved on FIBOCACCI level 1.618 and its time for a reversal.
Reliance has finish its target and stop loss Hunting zone now trading below FIBONACCI level of 1.618 (trend reversal)
Bank Nifty has reached the earlier given target ( Fibonacci level on long term view 0.618 ) and now its time for a reversal trend. Anything above the current level is purely a STOPLOSS HUNTING. The next strong bullishness is only above 26958 Rest is explained in the chart with the markings tagging the previous chart down
Here, AC and CE are 0.52 . BD is 1.27 . By using ABCD & Three Drives Pattern, USD/INR will test 79 levels in the 2021 year. Afterward, its trend will change. We may see 75 levels as a correction. Short-term investors can buy here for 74.4 - 76 - 78+ levels. ABCD Pattern shows that the C point is a stepping stool towards the level of 79.44 (...