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nifty 50 Support and Resistance Level 15Nov23 Nifty 50 Support and Resistance Levels 15/11/23
Support Levels:
1. 19400: This is the initial support level. If the market sustains above this level, it could indicate potential upward momentum.
Resistance Levels:
1. 19450: This is the first resistance level. If the market sustains above 19450, it could signal a potential move towards higher levels.
2. 19500: This is a significant resistance level. If the market sustains above 19500, it may indicate a bullish sentiment.
Important Notes:
- As with any trading, it's essential to consider other factors such as news events, economic data, and global events that can influence the market.
- Market conditions can change rapidly, so having a well-defined trading strategy and using risk management tools, like stop-loss orders, is crucial to manage potential losses.
- Pay attention to price action and technical indicators to confirm potential breakouts and reversals.
Nifty 50 Hourly Analysis: Bullish Retest on the Horizon?Nifty 50 has recently showcased a breakout in the hourly timeframe, making a strong move to higher levels. Now, as it retraces, we're observing a potential retest of the breakout zone. This presents multiple long opportunities! What makes this even more enticing? The robust support from the 200 Moving Average.
Traders, are you spotting the same patterns? What's your game plan here? Sharing insights can lead to collective growth! Let's discuss!
And remember, always ensure your strategies align with market dynamics and risk management principles.
Nifty 50 Weekly AnalysisNifty 50 Weekly Analysis #nifty50 #banknifty #sensex
My overall view is Monday market gap up, and it will try to touch the upper target mentioned by green line i think it is 20300 something.
where is write below bearish red line if candle body close below that line then valid. if only wick then dont valid.
but bearish abhi itni aaram se jane nhi denge bull . so it hink 20330 tk ja ski h, so just educate not take any trade in this scenario. if you want fully confirm trade then trend line break with body then go for bearish. big target are on bearish side not on bull side.kyunki yahan se seller active hone shuru ho gye they will buy till 20330 .
NIFTY 50 BULLISH MOMENTnifty 50 index create bullish flag ( 1 day time frame) pattern break after 19500 then market continue upper side move.
break resistance 19500 after market 500 point easily move
target wait 10-15 days
tgt 1
19700
tgt 2
20000
tgt 3
20200
sl 19200
note :this analysis only for education purpose.