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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