4. Nifty Mid Cap 100 -3.27%
Monthly - Upward Channel with Fib Golden Ratio 0.618 retracement - 1.618 extension Target given was 41,346. Target Met & Exceeded
Weekly - Look at 1.618 level crossing and a minor correction caused by it. See how precise Technical Analysis work. Once a target is reached usually we find a retracement after testing that level
Similar to small cap - after the BO of upward Parallel channel / wedge - the customary Retest process is initiated. Same as small cap - as of today - it's an Bearish engulfing candle - but have to wait for weekly close to see.
Irrespective of the size of candle - once a retest begins - it just happens - whether its faster or slower does not matter. next support at 41302
Monthly - Upward Channel with Fib Golden Ratio 0.618 retracement - 1.618 extension Target given was 41,346. Target Met & Exceeded
Weekly - Look at 1.618 level crossing and a minor correction caused by it. See how precise Technical Analysis work. Once a target is reached usually we find a retracement after testing that level
Similar to small cap - after the BO of upward Parallel channel / wedge - the customary Retest process is initiated. Same as small cap - as of today - it's an Bearish engulfing candle - but have to wait for weekly close to see.
Irrespective of the size of candle - once a retest begins - it just happens - whether its faster or slower does not matter. next support at 41302
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- Team Stocks-n-Trends
- Telegram: telegram.me/stocksntrends
- Telegram: telegram.me/stocksntrends
Publications connexes
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.