Price is forming a rounding top pattern and the support for it is at the zone 17240 - 17280. Buy above 17300 with the stop loss of 17240 for the targets 17360, 17420, 17480, 17540 and 17580. Sell below 17200 with the stop loss of 17250 for the targets 17150, 17100 and 17040. If the price is taking support at the zone 17400 then it will face resistance at 17560 - 17590 zone.
this looks scary if we have to find the target from its neckline. lets see how it performs
vanathi
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@vineetsehgal4000, Nothing is there to get scared. If you are prepared, then you can face it :)
vineetsehgal4000
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@vanathi we'll ma'am as you know , gap up and gap down in nifty for like 100 point disturb all the setup.
i appreciate you taking out time to share the analysis which help new traders like us. i have done a lil analysis and see a target of 16850 soon. lets see how it goes.
thanks again 🙂
vanathi
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@vineetsehgal4000, It means you dont have trade setup for gap up/ gap down. Its that simple :) Thank you for the comment.
vineetsehgal4000
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@vanathi you're right ma'am, i do not have one... learning from you. I don't join paid groups to get tips but would like to learn so i can improve. do you have something to share ?