Nifty 50 IndexUpdated NIFTY--Retracement to trendline??
Key level of resistance, (broken trendline and retested candle)...
if the index further wants to fall again this has to push the downside...
so keep an eye at this level...
It may again have a chance of test the above level of resistance...
keep look at these 2 levels...
After a breakdown price is giving us some retracement...look for sell in this area...
if breaks above it may clears the liquidity above 19650 levels....
keep safe at this place...without confirmation don't go for any positions...
if the index further wants to fall again this has to push the downside...
so keep an eye at this level...
It may again have a chance of test the above level of resistance...
keep look at these 2 levels...
After a breakdown price is giving us some retracement...look for sell in this area...
if breaks above it may clears the liquidity above 19650 levels....
keep safe at this place...without confirmation don't go for any positions...
Note
Still in a channel...
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**If these ideas are Helpful !
Please Like, Follow and Comment
Also share your thoughts in the comments section.
Thanks for your Support **
--Educational Purpose Only--
--Not SEBI Registered--
Please Like, Follow and Comment
Also share your thoughts in the comments section.
Thanks for your Support **
--Educational Purpose Only--
--Not SEBI Registered--
Related publications
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.