🚀 Nifty50 Weekly Chart Outlook by Mohammad Talha 🚀
📉 Key Fibonacci Support: Nifty50 has retraced to the 61.8% Fib level (~22,039). Holding this level could spark a strong bullish move toward 23,900+ (0.786 retracement) and higher!
📈 Potential Upside Targets:
🔹 127.2% Ext. → 29,294
🔹 161.8% Ext. → 33,132 (Future levels to watch!)
🔻 Bearish Scenario: If 22,039 breaks, the next key support sits at 20,730 (0.5 Fib level).
🔥 Watch these levels closely! 🔥
#Nifty50 #StockMarket #Trading #Fibonacci #MohammadTalha
📉 Key Fibonacci Support: Nifty50 has retraced to the 61.8% Fib level (~22,039). Holding this level could spark a strong bullish move toward 23,900+ (0.786 retracement) and higher!
📈 Potential Upside Targets:
🔹 127.2% Ext. → 29,294
🔹 161.8% Ext. → 33,132 (Future levels to watch!)
🔻 Bearish Scenario: If 22,039 breaks, the next key support sits at 20,730 (0.5 Fib level).
🔥 Watch these levels closely! 🔥
#Nifty50 #StockMarket #Trading #Fibonacci #MohammadTalha
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.