Nifty is it towards 22800/22300 ? - Read description in detail
Following my post on August 5 after a dead cat bounce,
Nifty has started to form Cypher or Shark pattern on weekly time frame.
For a Cypher pattern: it will touch 23870/23216/22800
To form a shark pattern fall may extend up to 22300.
It is expected to complete this by December end.
Nifty has started to form Cypher or Shark pattern on weekly time frame.
For a Cypher pattern: it will touch 23870/23216/22800
To form a shark pattern fall may extend up to 22300.
It is expected to complete this by December end.
Trade active
Refer to the updated chart for Nifty, Now there is a chances to touch 23,216.
But today Nifty has closed just above 200 EMA it will be important to watch, what is next. 😊😊
Either side is possible but my analysis says it will fall further.
Note
Today touched 23,216Note
Touched 23K today.... Now next level 22,800Trade closed: target reached
Reached 22,800 by few days delay but on spot as targeted. Now 22,500 is a decisive point for Nifty.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.