NIFTY is trading in a rising channel at around 12000.00 key psychological level and formed a double
top formation which is a clear sign of bearish trend. We can expect short term retracement towards 11625.00
which is a previous high turned support level and the next primary target would be 12400.00. If the 11625.00
level was broken then the immediate downside target would be 11405.00 which is a .50 Fibonacci level. From this
level we can expect bullish re bounce. For the past 05 trading days NIFTY was in clear bullish trend.
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top formation which is a clear sign of bearish trend. We can expect short term retracement towards 11625.00
which is a previous high turned support level and the next primary target would be 12400.00. If the 11625.00
level was broken then the immediate downside target would be 11405.00 which is a .50 Fibonacci level. From this
level we can expect bullish re bounce. For the past 05 trading days NIFTY was in clear bullish trend.
Give us a like if you found useful.
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Publications connexes
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.