There was a Head & Shoulder Pattern in Making and 22800 was a Support for NIFTY 50 but Due to TTT Trump Terrif Threats there was a Gap down and it Kissed 22000 Again.
A Massive Support and Power is Generated from 22000 and now Nifty is @ 22800 which was Support and now acting as Resistance.
It is again at the point where it left the continuation of Head & Shoulder Pattern which is 22800
if Nifty gets a good support @ 22800 now it can first phase Rally till 23800 and then continue for its journey towards 25800. should be there by 2-3 more months.
I see a support @ 22800 coz
1. Continuation of H&S Pattern
2. RSI Daily is near 50 and could get a bullish crossover with RSI MOVING AVERAGE
3. MACD is also showing signs for turning Green and crossover with its MA
Lets See!
A Massive Support and Power is Generated from 22000 and now Nifty is @ 22800 which was Support and now acting as Resistance.
It is again at the point where it left the continuation of Head & Shoulder Pattern which is 22800
if Nifty gets a good support @ 22800 now it can first phase Rally till 23800 and then continue for its journey towards 25800. should be there by 2-3 more months.
I see a support @ 22800 coz
1. Continuation of H&S Pattern
2. RSI Daily is near 50 and could get a bullish crossover with RSI MOVING AVERAGE
3. MACD is also showing signs for turning Green and crossover with its MA
Lets See!
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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.