vanathi

Mighty Nifty Jan 1, 2024

vanathi Mod Updated   
NSE:NIFTY   Nifty 50 Index
Market remains the same, it is us who imagine and interpret the price movement in different ways. As we change, the interpretation also changes. But the market is same. In this New Year, be like water, flow like a river, develop the flexibility to embrace the changes. I wish you All A Happy New Year 2024.
Price is moving within the range 21700 - 21800 for the past 2 days. Break out from this level can give good movement.
Pattern : Consolidation.
Range : Medium.
Trend strength : Normal.
Buy Above : 21720.
Stop Loss : 21690.
Targets : 21750, 21780, 21800 and 21840.
These levels are derived based on the assumption that price will test the low of the range 21700 and decide the trend direction.
Sell below : 21640.
Stop Loss : 21690.
Targets : 21610, 21580, 21550 and 21520.

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:
Inside the range.
Comment:
Still in range.
Comment:
Came to the place where it started.

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.