Nifty in bear attack.. where is the bottom ?

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Nifty made all time high near 26277 and from there corrective wave (a) is in progress..
yesterday close at 24819 near golden fib ratio 0.618


Upside resistance 25225.. above this level only bulls will have stregnth.
Bulls need to defend POC (power of control) at 24290 & 24090 .. act as support levels

MACD still negative indicating sell on rise mode.

Disclaimer : I am not SEBI registered.

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تعليق

nifty moving for wave b.. immediate resistance 25226...
whereas golden fib level is 25685

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أغلقت الصفقة: تم الوصول للهدف

reminded to sell on rise...
nifty exactly resisted near our resistance level 25226
and made low 24934 till now..
nearly 300 points move captured