Nifty facing downward pressure
Looking from the perspective of an arch action, there seems pressure from top on every rise.
From fib perspective, the important fib support stands at 18941.8, which is the immediate important fib support.
From ABCD pattern perspective, D leg is activated and it also signals 18940 levels considering ideal condition of AB=CD
From EMA perspective, Nifty is trading below 20 and 50 EMA, which also signals bearish condition.
So considering above conditions Nifty can be seen at 18941.8 levels by 20th or 21st Nov'23
From fib perspective, the important fib support stands at 18941.8, which is the immediate important fib support.
From ABCD pattern perspective, D leg is activated and it also signals 18940 levels considering ideal condition of AB=CD
From EMA perspective, Nifty is trading below 20 and 50 EMA, which also signals bearish condition.
So considering above conditions Nifty can be seen at 18941.8 levels by 20th or 21st Nov'23
Trade ativo
cracked heavily todayTrade ativo
made a low of 18960, enjoy technicalsTrade fechado: objetivo atingido
18931 low made, target achievedTrade fechado: objetivo atingido
made a low of 18837Trade ativo
Nifty heading for more correction as it tested the 19230-250 zone and was unable to close above it
Aviso legal
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Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.