Nifty price action analysis on weekly chart
Here, I have tried to depict the probable upcoming price move of Nifty on the basis of a weekly chart.
1st scenario - After facing heavy resistance from the 16000 levels, the price has to break out the 16000 levels. If it fails,
Alternate scenario - The price might show some corrections by retracing to significant support levels as mentioned.
1st scenario - After facing heavy resistance from the 16000 levels, the price has to break out the 16000 levels. If it fails,
Alternate scenario - The price might show some corrections by retracing to significant support levels as mentioned.
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