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Nifty 50 Index

Nifty 50 Analysis 25 feb 2022

By vidhusoman
I have drawn 1 long term bearish channel, 2 short term bearish channels, and 1 blue consolidation channel. You can see that today Nifty 50 closed at the midline of the long term channel, and showed resistance at the midline of the short term bearish channel. The Fibonacci retracement connecting the 'Covid rally' of the chart has 23.6 % at 15986. Nifty 50 may be heading towards this level and find a major support.
Fibonaccinifty50nifty50analysisnifty50pricetrendanalysisSupport and Resistance

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