Nifty may take a snap recovery on 29th Jan'21!
+ Price taking support at golden fibonacci level (61.8%) and 50EMA, between 13,705 - 13,750 Levels
+ Day is closed with a Doji candle at the bottom of Bollinger Band
+ Fibonacci level, Bollinger Band bottom, 50EMA... is making the area of confluence and signifying indecision and possibilities of 'U' turn
+ A strong bullish candle on 29th Jan, lead to formation of Morning Doji Star
- Higher selling pressure can be witnessed, if price breaks 13,450 levels
Reco:
*Target: Spot price 14,100
*Stop Los: Spot price falling below 13750
Regards,
Ravi Bhadrappa
+ Price taking support at golden fibonacci level (61.8%) and 50EMA, between 13,705 - 13,750 Levels
+ Day is closed with a Doji candle at the bottom of Bollinger Band
+ Fibonacci level, Bollinger Band bottom, 50EMA... is making the area of confluence and signifying indecision and possibilities of 'U' turn
+ A strong bullish candle on 29th Jan, lead to formation of Morning Doji Star
- Higher selling pressure can be witnessed, if price breaks 13,450 levels
Reco:
*Target: Spot price 14,100
*Stop Los: Spot price falling below 13750
Regards,
Ravi Bhadrappa
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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.