level to watch 21365.85 for next break out. Flat pattern
Nifty Strong Support as per Fibonacci 0.786 level = 18962.85, if broken then short nifty for the next level 0.618 = 18155
Nifty moving in range bound and breakdown is possible and next support level is 17350 and below that 17050 level
simply drawing trendline shows that market is still in downtrend and may go till 16800 (1st level )and then if not sustain may go down till 16600 (2nd level ) and 16200 ( 3rd level )
Nifty fall is expected till 16600 in sepetember as the fall is steeper
Nifty main resistance is 16850 and market is still in sell on rise. It is in wave E ( and of wave E it is in 4th wave level of 16850 ). So watch the market it is still in sell zone.
As per Hourly chart , RSI divergence and make or break level is 2450
Tata steel is looking weak after the resistance of upper band
Nifty below 17065 weakness till 16800 and major date 19/04/2022
Nifty below 17250 is in bearish . 17250 level is very important level to watch.
Reliance weekly candle date to watch 09/05/2022. 54 weeks time cycle downfall is expected
Nifty level to watch for week 17200. As per fibonnaci level 17200 is looking strong with resistance of 17500
Nifty Long for short term as it is moving in (C) waves and it is consolidating for short time and over all market is looking weak for long term
Affle India has formed double top and falling. If (a) is equal to (c) then it should be fall to 950 0
Tata steel is weak as metal index is weak compare to Nifty.
Nifty under pressure if it closes below 17000 level as the previous top is not broken
nifty on weekly chart is looking weak and may test 16350 level for long term buy