Hi mates, As there is a saying in TA that charts are self explanatory, so i feel after seeing this chart that it has no need a long description.
So as you can see price breached a horizontal and rising support too and currently price is trading below from that supports and now reaching to a flip zone (44700-44500) which seems a good support too earlier price moved very fast after giving breakout from this zone.
So conclusion is that we have to wait for a bounce or break of mentioned flip zone, levels sharing below.
Flip zone- 44700-44500
43400 levels we can see if flip zone will breached and price will sustain below with bearish strength.
45460 (resistance) and 46300 again we can see if price will bounce from that zone.
For better synchronized view you can also read my latest idea on Nifty attaching link with idea.
Best Regards- Amit
This idea is meant only for learning purpose this idea is not a trading advice.
Current Price
So as you can see price breached a horizontal and rising support too and currently price is trading below from that supports and now reaching to a flip zone (44700-44500) which seems a good support too earlier price moved very fast after giving breakout from this zone.
So conclusion is that we have to wait for a bounce or break of mentioned flip zone, levels sharing below.
Flip zone- 44700-44500
43400 levels we can see if flip zone will breached and price will sustain below with bearish strength.
45460 (resistance) and 46300 again we can see if price will bounce from that zone.
For better synchronized view you can also read my latest idea on Nifty attaching link with idea.
Best Regards- Amit
This idea is meant only for learning purpose this idea is not a trading advice.
Current Price
