29th Jan 2023 + week;
1. Nifty can retrace the fall from ATH, as it shows bullish breakout in 1 H which leads to 4H breakouts too.
2. This retrace can be between 50-----76.2 fibnocci retracement of the fall from ATH
3. Don't suggest selling the retreat as the falling wedge target crosses ATH as well.
4. And May fall to retest the last week low to make another new low.
5. Suggest buying at 23.6 extension highlighted in dark blue from ATH.
Kindly comment below for any details and can share more view on the same.
To learn technical analysis connect with me.
1. Nifty can retrace the fall from ATH, as it shows bullish breakout in 1 H which leads to 4H breakouts too.
2. This retrace can be between 50-----76.2 fibnocci retracement of the fall from ATH
3. Don't suggest selling the retreat as the falling wedge target crosses ATH as well.
4. And May fall to retest the last week low to make another new low.
5. Suggest buying at 23.6 extension highlighted in dark blue from ATH.
Kindly comment below for any details and can share more view on the same.
To learn technical analysis connect with me.