sreenureddy

sreenureddy

The chart you provided is a 15-minute candlestick chart for NIFTY, depicting the price action over a recent period. Let's break down the key elements and levels shown: Trend Lines: There are upward sloping trend lines indicating a general uptrend. The price has been respecting these trend lines, with multiple touches. Support and Resistance Levels: The chart...

sreenureddy

Analyzing the NIFTY 15-minute chart, we observe the index in a short-term uptrend within a defined channel. Key resistance is at 23480, and support is at 23305. The RSI indicates neutral to slightly overbought conditions, and the ADX suggests a weak trend. Traders should watch for a breakout above 23480 for long opportunities or a drop below 23305 for potential...

sreenureddy

Key Levels Current Price: 23,270.05 Immediate Resistance: 23,287.65 - 23,301.65: Recent high levels. Support Levels: 23,140 (VWAP): Volume-Weighted Average Price, which can act as dynamic support. 23,043.95 - 23,132.15: First significant support zone. 22,804.35 - 22,849.05: Next strong support zone. Trend Analysis Uptrend: The price is in a clear uptrend,...

sreenureddy

Bank Nifty Levels Support - 40100 Resistance - 40650 - 40750, 41200

sreenureddy

Bank Nifty levels Support level 1- 39200 Support level 2- 38940 Resistance level 1 - 39600 Resistance level 2 - 40100 RSI indicates bearishness but it at support level , may be we can expect reversal from here.

sreenureddy

NSE:NIFTY upcoming weekly expiry may be between 16927 -17332. Also in Daily Time frame we can obverse RSI divergence and Price at Resistance level.

sreenureddy

Bank Nifty RSI at Support level and price at Resistance level. Resistance 1 - 39650 Resistance 2 - 40100 Support - 38600