Weekly Chart of Nifty 50
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Weekly Chart of Nifty 50
Since 2017, every correction in Nifty has found support near to Monthly Kijun Sen which is currently at 11200. So ideally current correction should found support around the levels for 11100-11200.
On Weekly Chart, after the correction the index has consolidated around the Ichimoku Cloud. The levels for the same comes to around 11000-11200.
Trend-line support also lies around the levels of 11000-11200.
Correction period has lasted for 7 - 11 weeks.
For educational purpose.
Weekly Chart of Nifty 50
Since 2017, every correction in Nifty has found support near to Monthly Kijun Sen which is currently at 11200. So ideally current correction should found support around the levels for 11100-11200.
On Weekly Chart, after the correction the index has consolidated around the Ichimoku Cloud. The levels for the same comes to around 11000-11200.
Trend-line support also lies around the levels of 11000-11200.
Correction period has lasted for 7 - 11 weeks.
For educational purpose.
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