Nifty - Technical - Possibilities
Three possible reversal levels are Shown in the chart
1st it needs to breakout the descending channel Resistance level
2nd it needs to break Fib 0.5 retracement level + Failure line of head and Shoulder pattern
3rd it needs to breakout the ascending channel resistance
Before moving 10600 levels nifty might retest the ascending channel support...
Global cues and Covid- 19 cases in India and 2nd Wave of Covid-19 also gives strong resistance to the markets...
Like and give u r opinion..
Analysis is for educational purpose..
1st it needs to breakout the descending channel Resistance level
2nd it needs to break Fib 0.5 retracement level + Failure line of head and Shoulder pattern
3rd it needs to breakout the ascending channel resistance
Before moving 10600 levels nifty might retest the ascending channel support...
Global cues and Covid- 19 cases in India and 2nd Wave of Covid-19 also gives strong resistance to the markets...
Like and give u r opinion..
Analysis is for educational purpose..
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