Profit booking and consolidation in a narrow range
Technical Pattern Indicates weakness above resistance and price struggling to break higher levels
Observe whether Nifty closed below or above the derived my levels
Today Nifty is below my true level which signals possible sideways or downward movement unless reclaimed
Expected Price Action Today
Flat Opening Expected Around 24700
Range for the Day 24657 to 24751 (consolidation zone)
Upside Trigger: If Nifty breaks above and holds 24751 especially with bb pattern in the 5 minute chart the next target could be 24862
Downside Trigger If Nifty breaks and stays below 24657 it may fall to 24577
Support 24657 ,24577 , 24500
Resistance 24784 ,24862 , 24951
if you have any problem too undestanding my levels or in trading msg me.
Technical Pattern Indicates weakness above resistance and price struggling to break higher levels
Observe whether Nifty closed below or above the derived my levels
Today Nifty is below my true level which signals possible sideways or downward movement unless reclaimed
Expected Price Action Today
Flat Opening Expected Around 24700
Range for the Day 24657 to 24751 (consolidation zone)
Upside Trigger: If Nifty breaks above and holds 24751 especially with bb pattern in the 5 minute chart the next target could be 24862
Downside Trigger If Nifty breaks and stays below 24657 it may fall to 24577
Support 24657 ,24577 , 24500
Resistance 24784 ,24862 , 24951
if you have any problem too undestanding my levels or in trading msg me.
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.