Nifty : Levels to Watch
Nifty respects levels for every timeframe according to Fibonacci Series. 0.0, .38, .62, 1.00
For 19-02-24
for Upside if Nifty Crosses above 22070 it may touch
22088---22118--22166---22244---22293---22371
for Downside if Nifty Crosses below 22010 it may touch
21992---21962---21914---21836---21787---21709
A clear trend is very likely to begin.
A Triple Top may be in formation.
Analysis
a) A Final breakdown/Close below 21500-21480 will lead a clear downtrend up to 20000-19800. For filling the Gaps of previous Rally between Nov.23-Dec.-23.
b) This preposition will be failed if it closes above 22126. Then a uptrend up to 23100-23200 will be seen
All above levels are of Nifty Spot.
These are levels are generated on the basis on Fibonacci Series
Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades.
Dear traders, If you like my work then do not forget to hit like and follow me, and guy's let me know what do you think about this idea in comment box, i would be love to reply all of you guy's.
Thank you.
For 19-02-24
for Upside if Nifty Crosses above 22070 it may touch
22088---22118--22166---22244---22293---22371
for Downside if Nifty Crosses below 22010 it may touch
21992---21962---21914---21836---21787---21709
A clear trend is very likely to begin.
A Triple Top may be in formation.
Analysis
a) A Final breakdown/Close below 21500-21480 will lead a clear downtrend up to 20000-19800. For filling the Gaps of previous Rally between Nov.23-Dec.-23.
b) This preposition will be failed if it closes above 22126. Then a uptrend up to 23100-23200 will be seen
All above levels are of Nifty Spot.
These are levels are generated on the basis on Fibonacci Series
Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades.
Dear traders, If you like my work then do not forget to hit like and follow me, and guy's let me know what do you think about this idea in comment box, i would be love to reply all of you guy's.
Thank you.
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