Nifty trade Setup for 17-07-2023
Updated
Nifty Important intraday levels to watch for 17-07-2023
#Support: 19520
Short if candle closes below 19560 for scalping only with a tight stoploss and agressive short if candle closes below 19520
#resistance: 19595
Long if candle closes above 19595
#Targets on downside after break of support.
Target 1= 19420
Target 2= 19370
#Targets on upside after break of resistance.
Target 1= 19660
Target 2= 19700-710
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#Support: 19520
Short if candle closes below 19560 for scalping only with a tight stoploss and agressive short if candle closes below 19520
#resistance: 19595
Long if candle closes above 19595
#Targets on downside after break of support.
Target 1= 19420
Target 2= 19370
#Targets on upside after break of resistance.
Target 1= 19660
Target 2= 19700-710
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Queries will be answered in comment section.
Note
Nifty successfully broken out from immediate resistance 19595. However, again facing resistance at the trendline marked on the chart. So, trade only on levels and keep trailing your stoploss.
Note
Nifty almost achieved target 1 while respecting trendline resistance ! High made 19652 !!
Note
Target 1 achieved successfully !!Note
Trendline resistance breakout retest and boom !! ... high made 19691, almost close to second target.
Note
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