sk_4587

21800 short term resistance

sk_4587 Updated   
NSE:NIFTY   Nifty 50 Index
dear traders
as we can see mkt is consolidating in a channel
where 21800 is short term resistance
and assuming channels bottom is a support

so take take your trade accordingly

but in a 4 to 6 month perspective mkt still in a greatest bull rally

Comment:
any two hourly continuous closing above 21800 is again a fresh buying setup
Comment:
i am not a Certified registered analysist
this is just my observation for practice and learning purpose of chart reading,
Must take advice from your financial advisor before trade

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any related query allow me to answer

if this idea is use full
like and share also follow and comment your thought about this analysisam not a Certified registered analysist
this is just my observation for practice and learning purpose of chart reading,
Must take advice from your financial advisor before trade

------------------------------------------------------

any related query allow me to answer

if this idea is use full
like and share also follow and comment your thought about this analysis
Comment:
again today mkt confirms that 21800 is a clear resistance
Comment:

price tested channels bottom line with 100% accuracy
Comment:
200 point profit from my channel lower line
Comment:
450 point profit from my channels lower line
Comment:

as market stable above all time high and also above resistance so upper level 22200 is visible for now
Comment:
650 point profit running
Comment:
from lower channel line
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