Hello Traders, Following are my analysis: Resistance Level : 1. Strong Resistance Zone exists at 35600-800. 2. Strongest Resistance at 35500 . 3. Good Resistance at 35200-400 * Increasing resistance above 35500.
Support Level : 1. 35000 is Strongest Support Level . 2. 34500 is a Strong Support. 3. 34700-900 is Good Support Zone .
No Trade Zone : 35100-35200
Sideways Possibility: More Sideways above 35000 to 35200 , if market sustains above 35000
*Imp Point: More chances of breaking the Support Trend Line in Green Color, as it has tested multiple times. Short Sell below Trend Line and at reversal from Resistance level shown. Buy above Trend Line .
This is not Buy and Sell recommendation to any one. This is for education purpose and a helping hand to learn trading in Market.
I hope you all like my analysis. Please do share your thoughts into comment section. Please give a like, it motivates me to do analysis and do share with your friends as well.
Thank you for the comment, but most important is ... these levels too get broken as the day progress ... as we know that Market is does not behaves as per our expectation.
So kind request to all .. follow the following basic rules for trading:
1. Follow the market and then take the trade, and do not predict and take trade.. in simple words .. Trade what you see and not what you think..