NIFTY 1D TF

Nov 5

NIFTY index is respecting a demand zone with multiple touch points. The stock could break down or go up. But as we analyze we could see that sellers are being rejected and buyers gaining more power in the demand zone. There are more than 3 touch points through which we could confirm that the stock has more chances to move up. But strong multiple confirmations is required in order to confirm the stock direction.

We have multiple stocks with entry points and stocks that are running in profits. You could see those stocks in my profile page. For now we are waiting for proper confirmation in order to take new position.

Do check out my previous posts for more analysis tips.


Disclaimer:- This analysis is only for educational purpose. Please always do your own analysis or consult with your financial advisor before taking any kind of trades