Nifty facing downward pressure
已更新
Looking from the perspective of an arch action, there seems pressure from top on every rise.
From fib perspective, the important fib support stands at 18941.8, which is the immediate important fib support.
From ABCD pattern perspective, D leg is activated and it also signals 18940 levels considering ideal condition of AB=CD
From EMA perspective, Nifty is trading below 20 and 50 EMA, which also signals bearish condition.
So considering above conditions Nifty can be seen at 18941.8 levels by 20th or 21st Nov'23
From fib perspective, the important fib support stands at 18941.8, which is the immediate important fib support.
From ABCD pattern perspective, D leg is activated and it also signals 18940 levels considering ideal condition of AB=CD
From EMA perspective, Nifty is trading below 20 and 50 EMA, which also signals bearish condition.
So considering above conditions Nifty can be seen at 18941.8 levels by 20th or 21st Nov'23
交易進行
cracked heavily today交易進行
made a low of 18960, enjoy technicals交易結束：目標達成
18931 low made, target achieved交易結束：目標達成
made a low of 18837交易進行
Nifty heading for more correction as it tested the 19230-250 zone and was unable to close above it
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