NIFTY CHANNEL SUPPORT - LONG for NSE:NIFTY by HarnishM

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Tomorrow is important day for Nifty , whether uptrend will remain intact or not lets see.

Low Risk strategy for tomorrow. April futures recommended.

Stop close below 14660
First Buy between 14700 to 14740
Add Aggressively above 14810

Target ATH 15700

Trade closed: stop reached: Trade closed

Comments

Channel broken so what can be next support please explain thanks

GAURAVJAIN0711

@GAURAVJAIN0711, there are chances of gap filling if Nifty stays below 14500 tomorrow. But looking at price action during close we have hit bottom today...carefully watch 14500 zones tomorrow and if spends more time below it, wait for market to settle...

HarnishM

@HarnishM, thanks for the reply

· TradingView for Android

channel broken

N50-ANALYST

@N50-ANALYST, so in your view more downside in nifty... So what can be the next support can you please explain.. thanks

GAURAVJAIN0711

@GAURAVJAIN0711, if it breaks 14470 then next crucial support will be 14250 and 14000 and 13750,you'll be surprised to know that they all come with an interval of 250 points approximately.

N50-ANALYST

@N50-ANALYST, Thanks for the reply

GAURAVJAIN0711

@GAURAVJAIN0711, you're most welcome if you have any feedback then feel free to revert back

· TradingView for Android

good sharing idea👍👍

Very nice analysis...