Index has hits highs around the Gann Level of 57712.50. and retracted the usual percentages at cluster level supports of 53662.50 and 53999.45 as seen on the charts. We saw earlier breakout fromt the important level of 52650 in the week starting 12 Feb 2024. Currently we are in the 3rd week from the lows. Chart shows triple tops at 54561.55 on 19 Feb 2024 week, 5457.75on 26 Feb 2024 week and current week top is 54588.55. We have 4 more trading sessions to complete the current week. We need a breakout above 54675 asaeen on chart. Gann says third section is the most difficult to cross as it faces stiff rsistance at this levels. Isolated high seen at 54349.85 on 17 July 2023 week. We need to watch it carefully and sustain above it. similarly 53662.50 to be watch on downside. 08 April 2024 time to be watched for this index for decision making in time ahead...
Happy Trading !!!
N.B. Not a finanancial advice to buy or sell.
With usual disclaimers as applicable within the reach of this
beautiful trading analysis platform. Thanks to the developers
of the programme for this opportunity to use it freely to
express our ideas to the community of traders.
Happy Trading !!!
N.B. Not a finanancial advice to buy or sell.
With usual disclaimers as applicable within the reach of this
beautiful trading analysis platform. Thanks to the developers
of the programme for this opportunity to use it freely to
express our ideas to the community of traders.