Nifty in the lower time frame has formed a falling wedge, which is a bullish sign and also price is at the important crucial zone 25700. In the daily time frame, the price is showing bearish strength.
If the price breaks the 25680 - 25720 zone with bearish strength, 25500 can be tested.
Buy above 25740 with the stop loss of 25690 for the targets 25780, 25840, 25900, 25940, 25980, 26040 and 26080.
Sell below 25640 with the stop loss of 25690 for the targets 25600, 25560, 25520, 25460, 25400, 25360 and 25320.
Important levels to watch are 25500, 25700 and 25900 zones.
Always do your analysis before taking any trade.
If the price breaks the 25680 - 25720 zone with bearish strength, 25500 can be tested.
Buy above 25740 with the stop loss of 25690 for the targets 25780, 25840, 25900, 25940, 25980, 26040 and 26080.
Sell below 25640 with the stop loss of 25690 for the targets 25600, 25560, 25520, 25460, 25400, 25360 and 25320.
Important levels to watch are 25500, 25700 and 25900 zones.
Always do your analysis before taking any trade.
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Role I play here : Moderator. Follow me in telegram to trade better. t.me/Analysis4Newbie Contact information : tradingplan4u@gmail.com
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.