Nifty Reversal Point 17062: 0.236 of the range

٨ فبراير ٢٠٢٢

no points for guessing the reversal point 17062
Range and exactly at 0.236 of the Range, we again got a reversal.

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ملاحظة

today's High was resistance at the trend line.

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ملاحظة

17589.65 is 0.786 level of the range formed after taking support at 0.236 level.

Taking support of this level, we move further up above 17794.6 above 1 level, previous high of 2nd Feb.

We may also find backtesting of the trend, before we move further.