Nifty
CMP 9642
Observations from the chart
- This is a 30 minutes candle chart
- 9640-9650 zone as can be seen acted twice as resistance initially
- Then subsequently it provided support on 4 occasions
- Currently Nifty looks likely to be in small down trend
- If Nifty closing is below 9640 then probability of downside might increase
For the current set up
Target - 9580 - 9560
Stop loss - 9666
Time frame till Monday
Review your risk:reward & your trading plan
&
Plan your trade accordingly
Take care & safe trading...!!!
CMP 9642
Observations from the chart
- This is a 30 minutes candle chart
- 9640-9650 zone as can be seen acted twice as resistance initially
- Then subsequently it provided support on 4 occasions
- Currently Nifty looks likely to be in small down trend
- If Nifty closing is below 9640 then probability of downside might increase
For the current set up
Target - 9580 - 9560
Stop loss - 9666
Time frame till Monday
Review your risk:reward & your trading plan
&
Plan your trade accordingly
Take care & safe trading...!!!
Trade closed: stop reached
Nifty crosses 9666Exit from short position with minor losses if closing is above 9666
Take care & safe trading...!!!
Note
Nifty despite a flurry of 30 point up move in late Friday session, it still struggled to close above the resistance top of falling channel.Note
Nifty forming a doji candlestick right at channel resistance suggesting indecision
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.