Nifty Spot - At make or break area
Date 04.01.2025
Nifty Spot
Timeframe : Weekly chart
1 Nifty at very very critical area if breaks down the neckline = 23400 then deep cuts & blood bath
2 Do not trade or unclear trend between Neckline & support/resistance zone
3 Head & Shoulder formation on top of the trend is surely concerning
Support/resistance zone = 24150
Neckline = 23400
In between no trend or sideways
RSI = 37 shown double bottom
Nifty Spot
Timeframe : Weekly chart
1 Nifty at very very critical area if breaks down the neckline = 23400 then deep cuts & blood bath
2 Do not trade or unclear trend between Neckline & support/resistance zone
3 Head & Shoulder formation on top of the trend is surely concerning
Support/resistance zone = 24150
Neckline = 23400
In between no trend or sideways
RSI = 37 shown double bottom
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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.
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.