Above chart indicates the retracement of the rise in Nifty from its lows in March 2009 upto the recently made high.
This is a retracement of the rise from Nifty 2500 to Nifty 5300 approximately. As readers may observe the first major line of support i.e. the 23.6 % retracement of the entire rise stands at 4670 to 4680 (approximately).
Posts
No comments:
Post a Comment