SGX:IN1! sgxnifty has formed a nice parallel channel going upwards, after breaking the daily trendline we can expect a sideways pause and then more upside till 18000 level above 17750 closing,
current fresh support zones are 17592/17569 and 17499/17480.
if we gwt a parallel channel break on down side then we might retest 17500,17480 support zones before...
SGX:IN1! SGXNIFTY breaks the trendline of daily timeframe with little to nothing struggle,
can retest the trendline on new support zones formed before moving towards next targets on upside .
be carefull for possible fake breakput scenario which can push marjet dow again , which is unlikey to happen but still manage your risks while following sgx upside move. SGX:IN1!
SGX:IN1! sgxnifty is approaching crucial trendline of daily timeframe with 2 resistance zones present at/near the trendline,
first resistanse zone is 17500/17057 and the next immediate resistance zone is 17632/17713 which is inline with trendline and can trigger the next corrective fall if respected by sgx.
fresh strong support zone is formed at the levels of...
SGX:IN1! sgx move prediction for this week based on important s/r zones, sgx is very bearish on majot timeframes (monthly+quarterly), should start downfall as soon as breaks 16700 level and gives closing below it on daily time frame.
SGX:IN1! SGXNIFTY can start downfall till 16800 if current support zone breaks, there is chance it can go upside to retest fresh / important res wich was previously strong support and then fall back to 16800.
SGX:IN1! levels for tomorrow based on fresh and previously important support resistance areas,
- please wait for candle close on levels for retest/breaking of the level for next direction.
🔴DISCLAIMER
***** It's just for an educational purpose, So you must also follow your own technical analysis before taking up the trades ******
Don't take any long positions, untill we get a better signal
SGX:IN1! is moving through zones and support resistence as expected earlier, if it keeps respecting mentioned support resistence levels which are combined with supply/demand zones, then we can see sgx near 16000 level in coming weeks.
bullback points 16800 more chance or 14800 down fall chances
channel pattern or mirror falling wedge pattern in 30min or 1h chart
3 time touched demand zone
lvl bullback points 16500 -16800
we will see work or not
now market is neutral
