On weekly time frame Nifty has given flag pattern breakout and we can see 18500 level near future.
Closing above 18000 will accelerate the momentum and we can see fresh buying.
Positional buyer can buy at CMP with stop loss of 17600.
Nifty weekly target - 1800, 18200, 18500.
Hello
Welcome to this analysis about NIFTY , we are looking at daily timeframe perspectives. NIFTY in recent times heavily increased with Bullishness however it now moved into an overbought condition. NIFTY is developing here that will be a decisive factor in the upcoming times. I discovered the main formation NIFTY is developing here that will be a decisive...
SEE WHERE NIFTY IS NOW .... ?
YEAH NIFTY MADE THIS FAR..(GREAT JOB) >>> I ALREADY POSTED A CHART ON THIS AT JUNE 9/2020 >>> SEE MY OLD POST INCASE YOU WANT TO LOL !!!
OK I AM EXPECTING GOOD REVERSAL FROM THE PRZ (PRIZE REVERSAL ZONE ) REDBOX IN THE CHART.... EXPECTING A 1000 POINTS DOWN ( OMG ) !!!
!!! JUST FOR STUDY PURPOSE !!!
As long as nifty is holding 10140 -10120 levels , the probability of its moving towards 10450-10550 is still on the cards
hence its buy on dips as long as its holding 10120 on intraday basis and 9940 on weekly basis.
