The chart you've provided is a composite index of various market segments (NIFTY, NIFTYJR, CNXMIDCAP, CNXSMALLCAP) on TradingView. Here's an analysis of the chart and suggestions on how you could consider trading based on it:
Chart Analysis
Current Price and Levels:
The current composite index value is at 168,277.10.
There's a resistance zone around 170,305.25.
There's a support zone starting at around 158,000.
Recent Price Action:
The index has been on an uptrend since early June.
There are multiple "Buy" signals indicated on the chart, which suggests bullish momentum.
Support and Resistance:
The index is near the resistance zone, which may act as a barrier to further upward movement.
There are multiple support zones below the current price, indicating potential areas where the price might find support if it starts to fall.
Chart Analysis
Current Price and Levels:
The current composite index value is at 168,277.10.
There's a resistance zone around 170,305.25.
There's a support zone starting at around 158,000.
Recent Price Action:
The index has been on an uptrend since early June.
There are multiple "Buy" signals indicated on the chart, which suggests bullish momentum.
Support and Resistance:
The index is near the resistance zone, which may act as a barrier to further upward movement.
There are multiple support zones below the current price, indicating potential areas where the price might find support if it starts to fall.