NIFTY 50 23th DECEMBER 2024
Entry Zone:
The current price is near your entry zone, which aligns with the marked region (around 23,631.35).
Stop Loss (SL):
Your stop-loss level is set at 23,509.60, slightly below the recent low. This placement is logical as it provides room for minor fluctuations while protecting against further downside.
Target Levels:
Target 1: 23,785.25 – This is a conservative and achievable level, slightly above recent resistance.
Target 2: 23,867.30 – A reasonable next target, aligned with stronger resistance.
Target 3: 23,934.80 – This is a more ambitious level, closer to previous highs.
Risk-to-Reward Ratio:
Based on the marked green (reward) and red (risk) zones, your setup seems to have a favorable risk-to-reward ratio. Ensure that this aligns with your trading strategy.
The current price is near your entry zone, which aligns with the marked region (around 23,631.35).
Stop Loss (SL):
Your stop-loss level is set at 23,509.60, slightly below the recent low. This placement is logical as it provides room for minor fluctuations while protecting against further downside.
Target Levels:
Target 1: 23,785.25 – This is a conservative and achievable level, slightly above recent resistance.
Target 2: 23,867.30 – A reasonable next target, aligned with stronger resistance.
Target 3: 23,934.80 – This is a more ambitious level, closer to previous highs.
Risk-to-Reward Ratio:
Based on the marked green (reward) and red (risk) zones, your setup seems to have a favorable risk-to-reward ratio. Ensure that this aligns with your trading strategy.
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