TradingView
IIT-Trader
Feb 11, 2024 7:02 AM

NIFTY--Bullish View (22.5K) ?? Long

Nifty 50 IndexNSE

Description

Bullish Scenario::
----->> if price breaks the trendline on topside.. price will reach ATH, and facing resistance at ATH.. before going to reach ATH ,on topside we have intermediate resistances at 22050 level..
---->>if price opens upside above 21950...we have consolidation chance between the trendline and 22050.

If price consolidation for the entire day, and price closes at ATH.
Then we have chance of Gap down(If Bearish view)..continue moving downside and will test 21300 level of demand zones.
or
Continuation may happens to upside...Keylevel to watch--21800.
if trendline acts as support...Wait for the trendline retest, Price again tries to test the trendline and moves upside for targets of 22450,22600 levels,


Comment

wait until price breaks the trendline for longs...until watch the key zone as resistance
Comments
garrybihal
today nifty view
dosipritesh1979
Very good Sir
IIT-Trader
@dosipritesh1979, thank you
Krishinas
still holding
IIT-Trader
@Krishinas, if possible close right now....still fibo 0..618 level showing at 21500 levels.
Krishinas
21675 looks very strong resistance today multiple times reversed....
Krishinas
bro still the view is Bullish??
IIT-Trader
@Krishinas, yes....don't worry...
Krishinas
lol because I am buying at dip not to questioning your view...
IIT-Trader
@Krishinas, where you want to enter ??
More