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IIT-Trader
Nov 8, 2023 1:13 PM

NIFTY--19500 Is Resistance??  

Nifty 50 IndexNSE

Description

price broken the trendline and retested...then gap down or gap up.
we have a strong demand zone at 19360level...price may again rise from this level..
previously 19500 is a strong resistance,
if price again acts as resistance in this zone will observe a fall up to 19300 and 19200 levels.
otherwise price breaks the resistance and have chances of testing the 19600 and 19700 levels.
keep safe before short....wait until it touches the resistance resistance level @19500.
Comments
IIT-Trader
what do you think about this idea??
nrhs_trades
@IIT-Trader chance of continuation upside
CA_Pearl
@IIT-Trader, consolidation plus breakout above 19500 and reversal possible from 19700.
JOJO-14
red expiry, ...to jack up Diwali trade
Pixel-Trader
Great idea ...thanks for sharing
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