Hell All i have made a analysis on Nifty on a Weekly Time frame the chart is self Explanatory .
One can see nifty had taken support on trend line twice before Breaking it and making a low of 15676.Now at current closing of nifty i see a immediate major Resistance at 17500/17530/17550. If this is Taken Out . A good move can be expect for further 500 pints ....
When u Join Nifty on 3 point trend line that is
17/12/21: 16966 . It clearly Indicates that one can go long on nifty only above 17075. Lets see whats in store for tomorow that is 23/12/21
Gap Down Below Trendline made a low of 17915 moved towards the trendline and took supoort on the trend line and made a high of 18060 and cosed at 18010
Gap Down Above the trendline and broke the trendline and made a low of 17836 twice
Moved Again from 17836 to 17893 which is exact trenline and got rejection and broke previous low...
MTAR TECH Getting rejection from trend line .The Price has been reject 4 times from the trend any upward movement can only be confirmed if it breaks and hold 1886 for next targets of 1925/1947/1975/2000.Supoort around 1814