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IIT-Trader
Mar 6, 2024 11:14 AM

NIFTY--Liquidity lies @Double Bottom?? 

Nifty 50 IndexNSE

Description

Nifty index is showing straight forward bullishness from the keylevel @From BASE high.
Price observed a rally base rally from 21500 levels to 22500 levels.
Trendline is also acts as support,to push the price.
Now A Lot of liquidity is lies below the trendline and as well as below the double bottom levels at 21800 levels,and also we have a strong demand zone lies at 21700 levels.Price has to test these levels again for further move in Nifty INDEX.
Will update all the information accordingly to reach for these levels.

Comment

price is ready to move again...keep safe.

Comment

this is the place again fast moves occur...

Comment

price also golden zone...keep safe before short

Comment

still above the golden zone.

Comment

it might be drop base drop.

Comment

wait until the base to push higher...

Comment

more liquidity lies below. keep safe before long again.

Comment

If possible look for bearish from this side.

Comment

Some times again takes the topside liquidity and again falls back.

Comment

base is already pushes the price previously...but this time probably not...
so targets are base high,
and liquidity below base high
and 50% of base.

Comment

head and shoulders as well...
pls wait for the price to tap into this area.... otherwise they will take it topside.

Comment

price enters into the area of resistance...wait for the price to clears the trendline liquidity and fails to move up again. then will go for shortside.

Comment

trendline liquidity done...its time to think for bullish or bearish.

Trade closed: target reached

Target1 done at base High

Trade closed: target reached

Target 2 at ,Liquidity Below Base is done...

Trade closed: target reached

Target 3 is done....
close longs for now...
Comments
IIT-Trader
What do you think about this Idea??
DenisRisticFX
Well executed and documented. Bravo!
IIT-Trader
@DenisRisticFX, thank you mate
Krishinas
Double bottom done??
IIT-Trader
@Krishinas, still the liquidity is pending...not at done.. waiting for the price to grab the liquidity.
Krishinas
hope 22222 was the demand zone
IIT-Trader
@Krishinas, Enter into the supply zone...this is the time to look for complete bearish turn... or complete U turn.
IIT-Trader
@Krishinas, price has to break 22400 levels to go long again...
Krishinas
ok
Krishinas
next support level bro
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