- NIFTY Shows weakness near Previous weekly high of 5944. This level is closer to the 78.6% Fib level and a possible resistance line shown in first chart.
- So multiple factors in weekly chart stopping bulls from moving ahead. Bulls need a weekly close above these levels for a bigger up move to happen. Weakness only on trading below 5838 and 5815 levels on daily closing basis.
Nice precise work. I'll say it again, I 'do' like your style of focusing on one theme and eliminating all the other noise that could clutter it up.
ReplyDeleteThat style provides for some real crispness... clarity of an idea. I like it. Thanks for sharing.