NIFTY
as we all know how harmonic works, in falling market taking support or little bounce from coming below supports one by one.
in this chart as we can see before nifty took little bounce from 0.886 harmonic pattern which PRZ comes at 15949.95
now next support is 15006.90 even this 15000 is psychological support also. If nifty couldn't take support from here then in coming days we could see 14161.55 also.
But if trend change from 15k level then we might not see 14161.55 and how we can identify that trend is changed is very simple now Lower lows lower highs formation going on ones it will break and higher higher highs lows formation starts where we can say that trend is changed.
this is my personal view I may be wrong also.
📊 Each levels Act as support and resistance 📈📉. One can trade on 3min, 5min and 15 min as per their trade set up. For reference, one can check our old published ideas.
If any candle taking support from any level then try to identify that is that reversal candle at support or what if that is reversal candle then go long above that reversal candle and stop loss can be below that support line or that reversal candle's low whichever lower, same way if any candle getting resistance from any resistance level and if one can find reversal candle for short over there then one can short below that candle and stop loss can be that resistance line or that reversal candle's high whichever higher. Even one use their own trade setup with these levels. Everyday levels are different and same way the candles which going to be formed on support or resistance can be different, so cant say here perfect numbers to buy or sell or stop loss. Hope one can understand that better to trade with own wisdom in live market, even check future chart as well for better profitable trade.
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**whatever charts or levels or ideas we are sharing here or on any other platform are just for educational purpose only, not a recommendation. Please do your own analysis before taking any trade on it. We are not SEBI registered.