Nifty Technical Analysis 11th-15th June

Nifty Technical Analysis 11th-15th June

As posted in last week Analysis: For next week 10815 is holding significant resistance on weekly chart above that move towards 10910 / 11060 levels can come & 10617-10580 will act as strong support zone below that move towards 10473 / 10410 can be seen again.

Last week swing low was 10550 which was very close to our support of 10580 (  no single close happened below it) plus as above daily Gann angle chart kept us with the trend weekly swing was 10818 which was again very close to our 10815 natural no. & we saw almost 100 points correction from that point of the level.

In upcoming week 10830 will act as major resistance above that we can see price moving towards 10935 where it can find resistance on weekly charts & 10686 will be as strong support.

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Note: Above mention Price projection & other Information are for educational purpose only.

About the author

Divesh Jotwani is a Full-time trader in the Indian stock market. He has spent over 20+ years researching and discovering WD Gann's methods and applying them day in and out markets.