- Nifty moving within a Falling channel
- Unable to sustain below the upwards trendline
- Previous fall from 15827.85
- ADX showing a upward direction
- Rsi above 60
It can be R (15827/15880) to S (15550) or a Breakout, can get a clear direction on Monday's closing / Tuesday. (convergence of falling channel and upwards trendline)
HDFC AMC weekly chart explaied with S and R. Current trading at 2392 with Berish continuation and touched important support today.Any reversal Price action in Lower time frame at given level will be considered for short term Bullish Trade. Remember stop loss should be less that 1.2% and below support. If it breach the level again then bear will keep continue their...
On higher time frame infy taking multipal times Support and Resistance From area that shown in Chart wait for breakout ....
big momentum we can see both side....
No tading Zone - 1320 to 1380
RSI also weak...Wait for Strong Momentum
One can take trade on smaller time frame only for Intraday with their own SL and Target