Stock Market Chart Analysis
My blog Analyses the trend and patterns of stocks, Futures, Commodities and Forex Markets
September 24, 2015
Nifty trend update
Month is bouncing from 38.2% fib level as shown in 3rd chart, Only below this level bears can hope for bigger down moves to happen.
For the up trend to resume price must move above the weekly cloud.
Immediate resistance shown in first chart the GAP between the golden ratio and 50% Retrace level.
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