Nifty weekly analysis....1-5 Feb
Nifty made a strong bearish candle in weekly chart. It clearly signals that more downfall is yet to come.
Targets as per the fib retracement. Nifty is more likely to test 13100 in coming days.
After taking a full day support at 61.8 Nifty breached it on Friday. Clearly showing signs of more downfall. Enjoy the downtrend currently.
A big lesson to the people who dreamt of 15000 levels in the last uptrend. No trend in permanent in Market.
Be ready to switch sides as we are retail traders & we should go with trend not against it.
Stay awake and Stay cautious.
Note: Views only for educational purpose. Consult your financial advisor for any trade.
Targets as per the fib retracement. Nifty is more likely to test 13100 in coming days.
After taking a full day support at 61.8 Nifty breached it on Friday. Clearly showing signs of more downfall. Enjoy the downtrend currently.
A big lesson to the people who dreamt of 15000 levels in the last uptrend. No trend in permanent in Market.
Be ready to switch sides as we are retail traders & we should go with trend not against it.
Stay awake and Stay cautious.
Note: Views only for educational purpose. Consult your financial advisor for any trade.
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