Confluence level - Nifty it can act as support or reversal
1. Downward regression channel bottom
2. Ascending Channel Bottom
3. Abc correct pattern 1:1
4. Previous Support level
What is confluence?
It's meeting point or multiple technical parameters coincides, like I mentioned above
What to expect?
1. Reversal if prices goes above 23400
2. If any short comming occurs next level could be 20200
2. Ascending Channel Bottom
3. Abc correct pattern 1:1
4. Previous Support level
What is confluence?
It's meeting point or multiple technical parameters coincides, like I mentioned above
What to expect?
1. Reversal if prices goes above 23400
2. If any short comming occurs next level could be 20200
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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.