Pre-Budget Nifty analysis #Fibbo Levels If market like budget presented (although interim) market may move little bit upside else down as per Fibbo levels mentioned on chart.
NSE: AAVAS is looking good for positional target of 1800-2075-2350 with SL 1380 (Must) This analysis is for Education purposes only. Not a buy of sell signal.
RSI Diversion seen on Weekly Nifty chart. There could be profit booking in coming days. Stay light on long side.
Based on Monthly (High-Low), Weekly (High-Low) and Daily (High-Low) Fibbo levels. Nifty has formed Doji on weekly chart on 16-06-2020. Although there only two days trading completed, market seems in bear zone.
Based on Fibonacci on High -Low (Weekly chart) and higher low - higher high (daily chart)
Combination of Price action and Fibbo levels on Monthly Nifty 50 (Spot) chart
Nifty 4 Hr chart showing Invert Flag and Pole pattern.
Nifty expected to test 9750 as per Elliot waves. Views welcome.