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Karthik_Dhandapani

Nifty Daily Time Frame

Nifty 50 Index (NSE:NIFTY)  
Karthik_Dhandapani  
NSE:NIFTY   Nifty 50 Index
Trend Analysis Chart Patterns nifty50
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trendanalysis chartpattern nifty50
Now Nifty is in the Important zone resistance zone there are several possibilities once broken the resistance level the next target levels as per Fib extension levels are
1. 17850
2. 18864
3. 19462

if any rejection is found then it will comes around 16149 Level which is 0.618 retracement level

snapshot

And also nifty forms a Double bottom pattern and the target is also made after a long bull run high chances are nifty to take some pullback

snapshot
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