Nifty completed it's double bottom pattern & rising wedge pattern. Nifty breakout these pattern on two weeks before. In last week, nifty closes above 18000 in daily chart pattern. Hence 18000 act as a strong support level. As per fibonacci retracement, our first target 18300 has successfully attained. And next target is 18600. It is a all time high. When nifty breakout the target, a huge momentum is there and has potential to reach 20000 and set a new high.
Caution⚠️
A market not only technical or fundamental based and news based also. So, if any negative news are come in future market can be go into a side ways between 18000 and 18600.
Disclaimer: A position has been taken by your own risk. So kindly do proper research and analysis before going to a position. And I'm not a government registered advisor, I'm a individual investor. I'm not responsible to your profit and loss. I'm just giving an information only.
Caution⚠️
A market not only technical or fundamental based and news based also. So, if any negative news are come in future market can be go into a side ways between 18000 and 18600.
Disclaimer: A position has been taken by your own risk. So kindly do proper research and analysis before going to a position. And I'm not a government registered advisor, I'm a individual investor. I'm not responsible to your profit and loss. I'm just giving an information only.