Here's my analysis on Nifty Weekly Chart:
- Currently in Demand Zone and already bounced back twice from the same level in the past
- It's creating triangle pattern so not expecting any big breakout for at-least next 5 - 6 months and Nifty looks weak for the same duration
- If false down, next level will be around 15400 - 15000
Note: This is my first analysis post. Please share comments if you like it or if you think, I need to improve on any point.
- Currently in Demand Zone and already bounced back twice from the same level in the past
- It's creating triangle pattern so not expecting any big breakout for at-least next 5 - 6 months and Nifty looks weak for the same duration
- If false down, next level will be around 15400 - 15000
Note: This is my first analysis post. Please share comments if you like it or if you think, I need to improve on any point.