Nifty 50 IndexUpdated Will nifty remain range bound or trend change?
The nifty remained range bound, clearly respecting the July'23 low of 19234.40.
Candle Analysis
Doji Candle from support , Follow up with morning star and inverse hammer and another Doji Candle at resistance or ema 20.
Strategy
i) If market remain range bound - Buy dip and sell at supply zone (19234.40 to19482.75)
ii) If resistance break; T1 19634.40, T2 19704.60
iii) Jul'23 low will be a key support level
Thanks
-aj
Disclaimer: The information and publications are not meant to be, and do not constitute, financial, investment, trading or any other types of advice or recommendations.
Candle Analysis
Doji Candle from support , Follow up with morning star and inverse hammer and another Doji Candle at resistance or ema 20.
Strategy
i) If market remain range bound - Buy dip and sell at supply zone (19234.40 to19482.75)
ii) If resistance break; T1 19634.40, T2 19704.60
iii) Jul'23 low will be a key support level
Thanks
-aj
Disclaimer: The information and publications are not meant to be, and do not constitute, financial, investment, trading or any other types of advice or recommendations.
Trade closed: target reached
t1 & t2 achieved !!
Disclaimer
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