Sgx Nifty Respecting the Fib Retracements levels . Nifty Exactly showing down trend after it touches 50% level as per the Fib Retracement.
Here SGX nifty chart is taken into consideration. Price in Nifty is contracting with a rising wedge pattern. With declining volumes there is a possibility that Nifty will find ot very difficult to cross 10,000 and will crash from there. watch for another 10 -12 trading sessions for change in Nifty strategy.
SGX broke the 1 Hr trend line and heading towards the re-test
Chances to back again 6800 may be see, bearish below 9550, if broken than we can see 10,000
Please correct me if I am wrong ..as there was trading holidays less volatility FII buying Short Covering Does the current upmove is backed by volumes What's your thoughts?
SGX NIFTY WAITING TO FALL
? 8323 target then, price will not break or close 8622. Incase of break & close above 8612, then channel will not continue. Daily chart: During the falling wave, 3 times reduction in price has been seen. While using the retracement, 32.2% retraced is at 9249. Price rotatio range is betw een 8838 and 8188.
Disclaimer: This chart is for study purposes only. One should not make trades based on this. Short on the Brown trendline broken SGX has broken green trend line, its soon going to break brown one also Before doing so it may once retest the high once again One can go short on the high resistance 12400 future leve
SGX Nifty - Anchored VWAP Chart Green AVWAP - showing the buyer avg from the lows Red AVWAP - showing the seller avg from the highs
at trendline support . buy with strict sl of 10685 cmp 10700 target 10750/10780