There is a high probability that nifty will face resistance at 23.6% Fibonacci resistance around i.e 10028 levels at close .
POSSIBLE REASONS - 1. Its Fibonacci retracement level of the previous rally.
2. The number of time nifty has taken support at this level in the past , its now a probable resistance. (support becomes resistance and resistance become support rule)
3. The Red colour trendline is also making a resistance on a long term chart around 10400 level.
CONCLUSIONS - high chances that nifty makes a high around 10400 and fizzles out by the closing of this month.
POSSIBLE REASONS - 1. Its Fibonacci retracement level of the previous rally.
2. The number of time nifty has taken support at this level in the past , its now a probable resistance. (support becomes resistance and resistance become support rule)
3. The Red colour trendline is also making a resistance on a long term chart around 10400 level.
CONCLUSIONS - high chances that nifty makes a high around 10400 and fizzles out by the closing of this month.
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Отказ от ответственности
Все виды контента, которые вы можете увидеть на TradingView, не являются финансовыми, инвестиционными, торговыми или любыми другими рекомендациями. Мы не предоставляем советы по покупке и продаже активов. Подробнее — в Условиях использования TradingView.