vanathi

Mighty Nifty - Dec 11

vanathi Mod Updated   
NSE:NIFTY   Nifty 50 Index
21000 - Will price move up or fall down? Thats the question in everybody's mind right now. Price is consolidating in the range of 20850 to 21000 for the past few days. Both bulls and bears are having equal strength so far. So what will happen next?
Pattern : Double top square :)
Range : Medium.
Trend strength : Less, can gain.
Buy Above : 21040.
Stop Loss : 21000.
Targets : 21080, 21120 and 21150.
Sell below : 20920.
Stop Loss : 20960.
Targets : 20880, 20840 and 20800.

Check the live market updates.

Hit the like button to Rock !! Show some energy !!

Note : This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
You are responsible for whatever you do.
Comment:
Testing support/resistance.
Comment:
This is known as sitting on the box.
Comment:
Range move for 4 days!

Roles I play here : Author, Analyst & Moderator.

Free Telegram Channel. t.me/Analysis4Newbie
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.