Nifty Weekly Analysis
Symmetric Triangle Pattern in hourly time frame and doji candle in daliy time frame (Sign of a neutral market)
Consolidation Range: 17450-17610
If this range is broken upside and it sustains above that level then
Next Upside Target: 17700
Resistance Zone: 17730-17800
Next Upside Target: 17910
For downside Support Zone: 17450-17610
Downside Target: 17325
Next Support Zone : 17325-17250
If this level is broken downside then
Next Downside Target: 17050
Next Support Zone: 17050-16900
Next Downside Target: 16765
Consolidation Range: 17450-17610
If this range is broken upside and it sustains above that level then
Next Upside Target: 17700
Resistance Zone: 17730-17800
Next Upside Target: 17910
For downside Support Zone: 17450-17610
Downside Target: 17325
Next Support Zone : 17325-17250
If this level is broken downside then
Next Downside Target: 17050
Next Support Zone: 17050-16900
Next Downside Target: 16765
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