Get started
ajinkyadiwakar717

SGX prediction based on support resistence levels on daily/houre

GIFT NIFTY 50 INDEX FUTURES (NSEIX:NIFTY1!)  
ajinkyadiwakar717 Updated   
NSEIX:NIFTY1!   GIFT NIFTY 50 INDEX FUTURES
Trend Analysis Chart Patterns sgxnifty50futures sgxnifty SGX sgxlong sgxshort sgxniftychartanalysis sgxnifty50
4
0
trendanalysis chartpattern sgxnifty50futures sgxnifty sgx sgxlong sgxshort sgxniftychartanalysis sgxnifty50
NIFTY1! sgxnifty is approaching crucial trendline of daily timeframe with 2 resistance zones present at/near the trendline,

first resistanse zone is 17500/17057 and the next immediate resistance zone is 17632/17713 which is inline with trendline and can trigger the next corrective fall if respected by sgx.

fresh strong support zone is formed at the levels of 17326/17256.

if the trendline and resistance zone of 17713 is broken, next immidiate can be 18000 level after trendline retest or retest from current resistance of 17500/17057.
Comment:
#sgx has failed to breach 17500 resistance zone yet today, keep watch for the reaction to the daily trendline area
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.