Nifty Weekly Analysis for 13-02-23 to 17-02-23.
Dynamic Trendline is holding Nifty Complete Downtrend since 01 Dec 2022.
Now the same trendline may act as major Resistance for Nifty this week which is near 18000.
The Trend Reversal Confirmation is above 18200 which is the previous Swing High for Nifty.
If Nifty Sustains above 18000, more Upside Possible And Targets are 18200/18435.
If Nifty trades below 17650, Downside Targets are 17500/17353.
Dynamic Trendline is holding Nifty Complete Downtrend since 01 Dec 2022.
Now the same trendline may act as major Resistance for Nifty this week which is near 18000.
The Trend Reversal Confirmation is above 18200 which is the previous Swing High for Nifty.
If Nifty Sustains above 18000, more Upside Possible And Targets are 18200/18435.
If Nifty trades below 17650, Downside Targets are 17500/17353.
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