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.
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Thankyou.
