Resistance Levels (Red Lines) Strong Resistance: 22,980.00 Resistance-2: 22,845.35 Resistance-1: 22,714.35 BreakOut Level: 22,593.45 The price is below all resistance levels, meaning upside movement might face selling pressure at these levels. If the price moves above 22,593.45, it may target 22,714.35 and 22,845.35. A breakout above 22,593.45 can push the price...
Resistance Levels (Red Lines) Strong Resistance: 49,731.80 Resistance-2: 49,233.75 Resistance-1: 49,005.95 BreakOut Level: 48,784.05 The price is currently below all resistance levels, meaning upside movement might face selling pressure at these levels. Support Levels (Green Lines) BreakDown Level: 48,377.65 Support-1: 48,051.35 Support-2: 47,710.00 Strong...
Resistance Zone (~22,639.45 & 22,714.35 - Red Lines) The price is struggling to break above these resistance levels. If the price breaks and sustains above 22,639.45, it could push towards 22,714.35. Support Zones (~22,530.00 & 22,476.75 - Green Lines) 22,530.00: Immediate support; a break below this level could lead to further downside. 22,476.75: Stronger...
The chart shows Nifty 50 Index (1D, NSE) with several plotted trendlines, channels, and support/resistance levels. Here's an analysis based on the drawings: 1. Trendlines & Channels A major uptrend line (blue) has been drawn from the 2022 lows, acting as long-term support. A falling wedge (blue channel) in the recent downtrend suggests a potential breakout if...
Master BreakOut Level - 51,976.90 (Strong Resistance) The price needs to break and sustain above this level for a strong bullish move. A breakout above this level can push the index towards new highs. Resistance Level - 50,141.05 Acts as an intermediate resistance; price rejection from here can lead to a pullback. If the price crosses this level with strong...
Analysis of the Provided Levels: Master Breakout Level (23,536.40 - Red Line) This acts as a strong resistance. A breakout above this level could indicate a trend reversal from the current downtrend. Price has failed to sustain above this level in the past. Breakdown Level (22,795.90 - Current Price Level) This level acts as an immediate support. A break below...