JSW STEELJSW Steel at crucial long term support. The sell off momentum might slowing down and the stock can give a bounce
Support and Resistance
For the clear trend of NIFTY by using TimeCycle, Channel, Major.No need write here anything today , it's really easy for everyone to understand the chart.
Resistance zone for possible re-entry for shortThe two levels act as resistance zone . This zone is confluence of Fib 50% retracement level, 200 ema , trendline retest/resistance, and a broken support level which turned into resistance (this level held nicely during last bullish breakout retest, so strong support turned into strong resistance)
Asian paintsStrong resistance is seen at 1825 - 1835 level. Unable to break it will make the price to fall towards the next support at 1770.
#NIFTY #SPOT #DAILY #CHART #NIFTY #SPOT #DAILY # CHART: Friday Nifty Price Has Broken Down and Closed 20 EMA which is 1st sing of losing bullies momentum. Nifty can hold 11800 levels as it is the 1st Support area on the chart and also option chain showing good built upon 11800 CE. Today we will be at selling side of in index till we reach 11800 marks.
