Bull angle analysis, 78% retracement happened in NIFTY
Looks like the correct value on 6 feb based on previous bull angle of 29 degrees has been reached. Also 78% retracement has happened.
100% retracement of the sudden bull at 52 degrees can happen before it resumes.
Or if the bear continues further, support may be at 38.20% of the long term bull at 9923.
100% retracement of the sudden bull at 52 degrees can happen before it resumes.
Or if the bear continues further, support may be at 38.20% of the long term bull at 9923.
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