Only 44 candles in 66 days were sufficient to complete the journey, hope the worst is over and a new journey starts
Nifty Fib Channel has been drawn, with swing low level 15497 on 28 July 2021 and swing high of 18589 on 19 October 2021. After having touched the peak (18589.60), in October 2021, has shown support / resistance at .786 (17930) level. In the month of November, made a swing high of 18416, and breached the support of .786 (17930), and initially tried to hold .618...
Nifty on 27th of Each Month has been hovering around 17100, except the month of february when it was below 17000.
Bank Nifty support trend line breaks support. ...................................................................................................