NIFTY weekly market FORECAST & Levels OVERVIEW
👉 The price following Descending Parallel Channel on weekly chart .The level of 16850 To 16700 is strong support zone for the price on weekly chart. After hitting all time high for the first time price closes Below 17000 which showing week closing on weekly chart and level of 17000 which was crucial support level .🎯
👉If price breaks the last two week low 16945 and sustain for the hours than we can see sharp move towards the downside till the 16700 & If price breaks the 16700 support level , closes and sustain than we can see sharp drop in price and downside target will be 16300/16200📉✅
👉 Upmove possible in the price only above the level of 17222📈
👉The level of 16200 is good opportunity for investors to invest in stocks for the long term investment view📈📈👍.
👉If price breaks the last two week low 16945 and sustain for the hours than we can see sharp move towards the downside till the 16700 & If price breaks the 16700 support level , closes and sustain than we can see sharp drop in price and downside target will be 16300/16200📉✅
👉 Upmove possible in the price only above the level of 17222📈
👉The level of 16200 is good opportunity for investors to invest in stocks for the long term investment view📈📈👍.
Price Closes above the level of 17222 ✅