Nifty Support and Resistance levels trend still bullish as per pattern, but struggling to go above 25k mark ,in 15 mins time frame it made a tripple top pattern on highs. immeadiate resistance is 25 k and immeadiate support is 24850 area.
If price sustains above 25k long for the targets of 25075,25100,25150,25200
if price sustains below 24850 short for the targets of 24800,24775,24700,24650.
Note:- keep in mind these suppport and resistances including target areas can act as reversals also
If price sustains above 25k long for the targets of 25075,25100,25150,25200
if price sustains below 24850 short for the targets of 24800,24775,24700,24650.
Note:- keep in mind these suppport and resistances including target areas can act as reversals also
Note
15 Mins chart for reference Trade active
Entered short here at long side first target area 25075, remember i menitoned with S&R including targets can act as reversal areas.Note
halfway done.Trade closed: target reached
Done 70 points captured Trade active
Another short at 25k area , opened gap up price came below 25k a weak pull back to 25k area retest done short entry there.Note
halfway done Trade closed: stop reached
unfortunately this one stopped out Trade closed manually
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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.