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Downsidepressure

Nifty at a Glance: This Week's Market MomentumNifty Outlook: A Pivotal Week Ahead Nifty remains weak as we enter a crucial week. The index faces stiff resistance at 24,450. A close above this level could open the door to 24,725, but failure to hold it may trigger a drop. Key support lies at 24,150; breaching this could lead to a decline towards 23,850. Adding to the bearish tone, Nifty has broken down from a Rising Wedge pattern, with a potential target around 21,300. This week is critical—watch these levels closely as the market navigates this pivotal phase.
NSE:NIFTY
by Nimble_Pesos
What is next after breakdown of Nifty| Levels For today 24/07/23Good Morning Traders, i hope you all will be doing good in trading. On friday our sensex hero zero trade has done really well, i hope you all will have made good profits. Let's focus on today's Nifty analysis. As i discussed earlier that was not a proper bullish flag pattern, but on thursday it has given huge momentum, and we also shifted bullish side that day. Well we are traders, what we see, we do. But after all everything, our analysis has done accurate as discussed on thursday nifty levels. So now as we have seen already breakdown in it, so chances are high we can see sailing on higher side of lower band of channel. So if you see any bearish kind of candlestick then you guy's can go for sailing side with given small stop loss on chart. Well i have marked everything but still i am writing all the important levels. Important levels for Nifty:- Buy above 19848, if levels sustains at least for 30 mints Target we can see on higher side 19886/19924 Keep stop loss at 19802 Sale below 19683, if levels sustains at least for 30 mints Target we can see in lower side 19623/19568 Keep stop loss at 19802 Note:- Always wait for the best entry or levels to execute trades. And always follow strict stop loss to save your capital from unexpected market direction. Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades. Dear traders, If you like my work then do not forget to hit like and follow me, and guy's let me know what do you think about this idea in comment box, i would be love to reply all of you guy's. Thankyou.
NSE:NIFTY
by TraderRahulPal
More shortterm bearish action BTCWell, I was saying earlier that we would be heading for a correction but I didn’t know that it would be this severe. But I personally think that there could be more downside action. We shouldn’t be afraid for that because it offers the opportunity to accumulate more and cheap crypto. But I'm still bullish in the longterm. The next levels that I’m watching for are the green lines of (previous) support. The levels I’m watching at are 44.5K, 42.9K and 41.3K approximately. The latter is also showing confluence with the 0.5 fib retracement level. This is my publication #15. Let me know what you think of it and if you have any questions, suggestions, feedback or other inquiries let me know and do not hestitate to send me a message and to leave a comment! I’m also just a trader.
Short
by Awinish
Rare Diamond pattern; expect selling up to 1.09 level.The pair has formed a diamond pattern, which is very rare. The pattern is favorable for bears. The price can take a break down from the current level or can first move up to 1.10532 before any bearish move. The tp for the trade is at 1.09685. If we get a daily closing below this support, we can look at 1.09 as the next target. For the entire trade setup, the stop loss can be set between 1.10532 – 1.10755 area, preferrable close to the upper level.
Short
by forexnoobmaster007