- Nifty daily back to ichimoku cloud
- Price also nearing crucial Fib retrace levels.
- Weakness likely to resume around the current levels or close to Golden ratio.
April 17, 2018
NIFTY Chart update | Fib levels and Ichimoku cloud
CRUDE oil chart analysis
- Daily chart shows price staying above crucial resistance zone.
- Price has to stay above 66 levels to avoid a false breakout situation which will be negative for bulls.
- Month shows price violating 200 SMA. Bulls need a month close above this line to confirm bigger strength.
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