dhananjay.d.joshi

Nifty approaching the supply zone

NSE_EOD:NIFTY   Nifty 50
snapshot

As we are approaching the upper line of down trend channel of nifty             we need to be ready for big move from those levels,
1) Price can take resistance and reverse
2) Price can trade along the line and move side ways
3) price can move out of channel with force

If we want to trade 1st and third possibility then wait for followup on next day.

Never try to judge top or bottom just be ready to trade if price allows to do so :-)
Trend is our friend
We are out of down trend channel and few points away from traget, expect market tohalt at supply zone which is just above the price. Be ready for big move at those levels . For last 40 +- trading days price is not correcting in price its correcting in time only. Lets see what it will do this time.
Reply
AMBRISH dhananjay.d.joshi
Thanks for update. good set up.
Reply
Thanks for chart and levels , green is demand zone and support for Nifty
Reply
Price holted at our supply zone , traders be ready for big move in coming days. Use same chart for next week .
Reply
United States
United Kingdom
India
Deutschland
España
France
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
Malaysia
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing Priority Support Ideas Published Followers Following Private Messages Chat Sign Out