Nifty has been following and respecting this perfect parallel channel , it has taken a curcial support at the 21999 level and has rebounded sharply
Moreover now with market sentiments being quite favourable and election results coming soon nifty can break this parallel channel 23025 is a crucial resistance which can be ripped apart soon
and maybe halfway of 2024 we can nifty at 24000 levels
Moreover now with market sentiments being quite favourable and election results coming soon nifty can break this parallel channel 23025 is a crucial resistance which can be ripped apart soon
and maybe halfway of 2024 we can nifty at 24000 levels
Note
23025 AS mentioned above was achieved as expected
READY FOR 24000
Trade active
24332 can be the next target as it is breaking the parallel channel it has already touched 23990 further bullish momentum must prevail 23658 will the curcial support in case of any drawdown
Trade closed: target reached
i think nifty must retrace a bit and consolidate target achieved as mentioned above , however
the bullish trend can defy the technicals and
continue to prevail till the upcoming budget
and break all limits post that
but for time being being defensive must be best
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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.