NIFTY - Key Levels for 18-July Long

Nifty 50 IndexNSE

Description

⋅ Jul 17, 2022 3:35 PM

1. NIFTY has formed a falling channel in last 4 months and it has given breakout from it. Channel highlighted in blue color.
2. On hourly time frame, it has formed a Flag pattern which has given breakout on 15July. Flag pattern highlighted in orange color.
3. 15900 has now become a strong support. 16000 is also a psychological level and key support.
4. 16230-40 is key resistance for this week and if NIFTY closes above this then it can try for 16400.

Thanks
Piyush Gupta
Learn & Earn

Chart Patterns

Comments

jpjagan

⋅ Jul 18, 2022 1:49 AM

Very good technical knowledge you are having. Very accurate analysis. Channel pattern ok. But you observed flag pattern. Excellent experience bro.

Piyush-Gupta

⋅ Jul 18, 2022 3:58 PM

@jpjagan, thanks brother

RKDharmik

⋅ Jul 18, 2022 4:49 AM

Good Chart

Roshan_gk

⋅ Jul 18, 2022 4:01 AM

Thanks for the teachings.. This will certainly help.

Piyush-Gupta

⋅ Jul 18, 2022 3:58 PM

@Roshan_gk, thanks Roshan

mvchandramouli

⋅ Jul 17, 2022 4:47 PM

thank you Bro, for great information

Piyush-Gupta

⋅ Jul 17, 2022 5:43 PM

@mvchandramouli, thanks

adityastock101

⋅ Jul 17, 2022 4:28 PM

Good chart sir.

Piyush-Gupta

⋅ Jul 17, 2022 5:43 PM

Thanks Aditya

LearnNDEarn

⋅ Jul 24, 2022 9:49 AM

Thanks for the update