MESSAGES

In 1 hour chart of Nifty Futures, 20th March 10.15 candle Low 21964 or below is the target for this downward movement. Draw a Fibonacci Fan from 21964 to 9th April 10.15 candle High. Within the area of 50 percent and 61.8 percent any green candle appears and break up the High of that candle is reversal. Otherwise within 100 percent to 127 percent is profit booking area.

I meant after breaking down 22.3k if it enters back into wedge which usually can happen in 3to5trading days as part of the filling the gap..If happens then there will be possibility of upward breakout again... Best Wishes.

Vamsi Bro 22.3k will probably be tested first on spot. Can happen in this expiry or may be on monday itself. A breakdown below if happens then it is a raising wedge breakdown of height approxmately 3900pts from 18800 level a 30percernt of height around 1300 pts downward target can take it to 21k odd level. So 21.2k is the next level to watch out with few ups and downs. In between 21.8 is another level very likely will be tested. These are all spot values.. For any reason after breaking down 21.3 some how enters back into wedge then it can raise vertically towards 22.8k and a breakout above. Trade Safe. Best Wishes.

Passerby bro, 22550 is broken, but nifty took long time to come above 22470 levels. Do you think this will be broken. If so 22.2k is very much visible correct before 18th April. is my understanding correct