- 61.8% key Fibonacci ratio at 11091
- R 11142
- R 11185
These three major points are very important to understand, which have played the role of resistance in the past.
94 points(11185-11091 = 94) of area are crucial for up move.
Keeping in mind both side move;
- To make up-break out, Nifty should jump OR GAP with heavy volume.
- The resistances are working properly if the price reducing faster than normal way.
Get free important share market ideas on stocks & nifty tips chart setups, analysis for the upcoming session, and more by joining the below link: Stock Tips
Are you looking for NSE paid calls? Want to get premium trading alerts and unlimited access to Moneymunch? Join today and start potentially multiplying your net worth: Premium Stock & Nifty Tips
Premium features: daily updates, full access to the Moneymunch #1 Rank List, Equity Research Reports, Focus List portfolio of 50 longer-term stocks, Premium screens, and much more. You will quickly identify which stocks to buy, which to sell and target today΄s hottest industries.
Have you any questions/feedback about this article? Please leave your queries in the comment box for answers.
