Sell below: 18927 only on 15 minute candle closure below the level. Target 1: 18890 Target 2: 18850
#Resistance: 18985
Buy Above: 18985 only on 15 minute candle closure Above the level. Target 1: 19020 Target 2: 19075
=> # Remember each level will act as a support and resistance individually so there is a probability of reversal and a pullback on either side so its better to make an habit to book profits at each targets and re-enter again after a breakout from the same with a proper stoploss as per your own risk appetite.
=> # Please do your own research before initiating any trade. Always use stoploss in order to protect your capital.
=> #If you are Unable to trade properly and dissatisfied with your manual trading results due to psychological disadvantages or busy schedule or "Fear & Greed" emotions, then Algorithmic trading can be the most useful solution to overcome such problems. Kindly follow us and join us using details mentioned below the idea.
=> # Please refer our swing based support and resistance indicator if you find it useful give it a like.
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#Disclaimer: This is just a view and published here only for educational purpose, this should not be considered as a buy or sell signal. Trading in stock market may involve financial risk therefore, do your own research before taking any position.
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First target achieved!
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current scenario in nifty
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a potential short entry for nifty is below 19020.
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perfect head and shoulders can be seen in nifty, a further drop in price can be expected only on closing below 19020
@ahambrammaasmimuthoo, nifty needs to sustain below 18850 for bear market confirmation. the range between 19000 to 18850 should be no trading zone for directional traders and the given range is favorable for scalpers only.
Kapil-Mittal
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It's clear that your analysis is grounded in observing the Nifty movements and adapting to real-time market dynamics.
InvestyourAsset
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@Kapil-Mittal, indeed as adaptability skills is one of the primarily required skill while trading in markets which shows different behaviour on each new session.
ahambrammaasmimuthoo
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19140 NF and 43070 bnf from this level it has to fall...atleast 19026-18888-18812 maxi NF fall and bnf 42555-42234-42181 maxi fall ...let us c