NIFTY -- INTRADAY SETUP --HOURLY CHART -- 21/07/2022
1. As per previous idea of NIFTY daily chart trendline breakout, NIFTY achieved target 16300-16500 LEVEL sucessfully
2. as seen in channel nifty at resistance level 16550 seen some profit booking and red candles form as profit booking at resistance
3. nifty trading at 16520 Sub level now there are 2 possibilities from here at intraday next session nifty can fall towards channel support around 16350-16380 level and bounce back towards 16600 level as target
4. channel shown resistance at hourly chart on 16600-16700 level and support at 16350-16380 level .
5, RSI on daily chart is strong bullish at above 60 level currently , bullish indicator.
*** THIS IDEA IS FOR EDUCATIONAL PURPOSE ..
** HAPPY TRADING !
1. As per previous idea of NIFTY daily chart trendline breakout, NIFTY achieved target 16300-16500 LEVEL sucessfully
2. as seen in channel nifty at resistance level 16550 seen some profit booking and red candles form as profit booking at resistance
3. nifty trading at 16520 Sub level now there are 2 possibilities from here at intraday next session nifty can fall towards channel support around 16350-16380 level and bounce back towards 16600 level as target
4. channel shown resistance at hourly chart on 16600-16700 level and support at 16350-16380 level .
5, RSI on daily chart is strong bullish at above 60 level currently , bullish indicator.
*** THIS IDEA IS FOR EDUCATIONAL PURPOSE ..
** HAPPY TRADING !
Comment:
NIFTY intraday high 16580 at 10.15 am !
Comment:
nifty intraday target 16600 achieved !