Nifty Weekly Analysis For 26-06-23.
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Nifty Weekly Analysis For 26-06-23.
Nifty50 was in the channel Whole week and given a breakout & Close on Downside of the Channel which indicates a bearish sentiment in the Market.
18880-18920 is the Weekly Resistance.
On Monday If Nifty retests the Channel and trades below 18650, more Downside Possible and Targets are 18550/18450.
Below 18650, XABCD Pattern gets activated and 18512 is the Target.
If Nifty enters back in to the Channel, We will see a Volatile Market in between the Channel.
Nifty50 was in the channel Whole week and given a breakout & Close on Downside of the Channel which indicates a bearish sentiment in the Market.
18880-18920 is the Weekly Resistance.
On Monday If Nifty retests the Channel and trades below 18650, more Downside Possible and Targets are 18550/18450.
Below 18650, XABCD Pattern gets activated and 18512 is the Target.
If Nifty enters back in to the Channel, We will see a Volatile Market in between the Channel.
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