Body:
Nifty 15m is painting a classic price action setup! A nice rounding cup ☕ is aiming for the resistance zone ⚡
⚔️ Key Levels:
Resistance: 24680 - 24700
Support: 24595 - 24600
The Playbook:
✅ Handle Formation (Ideal): Price hits resistance, makes a U-turn to test 24595-600 as support to form the handle. Then we wait for the next breakout!
🔻 Break DOWN (Support Breaks):
T1: 24500
T2: 24400
🔺 Break UP (Resistance Breaks):
T1: 24800 - 24840
T2: 24900 - 24920
No directional trades between support & resistance! Wait for the break for a clear signal. 🚦
Disclaimer: This is purely an educational idea and not trading advice. Please do your own research and understand the risks involved before trading.
Boost 👍 and Follow for more price action ideas!
Nifty 15m is painting a classic price action setup! A nice rounding cup ☕ is aiming for the resistance zone ⚡
⚔️ Key Levels:
Resistance: 24680 - 24700
Support: 24595 - 24600
The Playbook:
✅ Handle Formation (Ideal): Price hits resistance, makes a U-turn to test 24595-600 as support to form the handle. Then we wait for the next breakout!
🔻 Break DOWN (Support Breaks):
T1: 24500
T2: 24400
🔺 Break UP (Resistance Breaks):
T1: 24800 - 24840
T2: 24900 - 24920
No directional trades between support & resistance! Wait for the break for a clear signal. 🚦
Disclaimer: This is purely an educational idea and not trading advice. Please do your own research and understand the risks involved before trading.
Boost 👍 and Follow for more price action ideas!
Order cancelled
Signal triggered too late in the day, not giving enough time for premium to bounce due to expiry day.
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.
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.