Two Critical Points. By Analyzing Nifty 50 Chart on 09-04-2021
1) Wide Demand Zone , But Weak Support Area . 14263 - 14517
If Price breaks any of the nearest Trend Line / Supply Zones In Days Closing
Then, It is expected The price will fall to this support Area .
(Price broke 14829 on 09/04/2021, Price may trend down after retest)
2) Strong Supply Zone ,...
Two Critcal Points. By Analyzing Nifty 50 Chart on 07-04-2021
1) Wide Demand Zone, But Weak Support Area. 14263 - 14517
If Price breaks any of the nearest Trend Line, In Days Closing
Then, It is expected The price will fall to this support Area.
2) Strong Supply Zone, And Strong Resistance.14829 - 14881
If Price breaks this resistance at Days Closing, Then...
1) Critical Support 13580
2) Critical Resistance 13780
3) Forming Pattern - Double Top
4) Upper Trading Zone 13790 - 13970 Stop Loss 20 Points Target 180 Points +/-50
5) Lower Trading Zone 13590 - 13390 Stop Loss 20 Points Target 200 Points +/-50
6) Risk to Reward Raio 1:5
7) Strict No Trading Zone 13580-13780
Disclaimer : All Views are Personal And...
1) Break Out / Break Down Strategy
If Nifty 50 Breaks Above the Magical Number 13333 And if it can Sustain the value. We may see Upward Trend Coming Days. On the other and If Nifty 50 Breaks down 13131 Magical Number. We may see further declines. 13131 To 13333 is no trading Zone for Breakout traders. Keep Stop loss minimal. Risk Reward Ratio of 1 : 3 For...
