Nifty 50 - Analysis

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Weekly FIBO count NSE NIFTY

How to read above chart?
Its weekly chart of nsenifty.
All figures indicated above the candle indicates the number of weeks of consecutive rise.
All figures indicated below the candle indicates the number of weeks of consecutive fall.
Those nuber are falling to fibonacci series.
Fibonacci series,
0,0,1,1,2,3,5,8,13,21,34 ... ... ... kepp on adding last two.
Current rally is in sixth week and may not continue with same momentum.
Above the the study based close of 3rd February. We have seen dead flat close for the week ending 10 February.

Thanks for reading,
Praveen Kumar
Contact mail id - praveen@viecapital.com
I’m Praveen Kumar, a seasoned Technical Analyst and stock market trader with over 25 years of experience in the Indian equity and derivatives markets. My passion for numbers and patterns led me to a dual career as a Mathematics Teacher and market technician. I specialize in Technical Analysis, with deep expertise in Elliott Wave Theory, derivatives strategies, and market forecasting. Over the years, my analysis and market views have been featured on NDTV Profit as a financial guest, along with published articles on reputed financial web portals, sharing insights on Nifty 50, Bank Nifty, and stock market trends. As a trader and analyst, I focus on interpreting price action, chart patterns, wave counts, and technical indicators to deliver precise market levels and actionable trade ideas. My approach blends classical charting with modern analysis tools to help traders navigate market volatility. Through VieCapital, I aim to share daily market analysis, trading strategies, and educatio…
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