Nifty 50 Analysis for this week in Daily timeframe

Nov 13, 2021

1.Major Support - 17800, Lower trendline.
Major Resistance - 18340.

2. Past trend - Major Trend is up. Multiple leg correction going on. Moving in channel with next major resistance as 18340 from where fall is expected.

3. Current Strength - In up.

4. Future trend - Upmove within channel to test 18340 from where fall to 17600.

Trade setups -
1. SHORT - If
a.18350 breaks on daily
b.Then breaks previous candle low next day.

2. BUY - At 17600.

3. BUY - Weak Pullback after it sustains above 18600.

4. No Trade zone for long term - No buying @18350 to 18600.