On September 12, 2024 (Today), 
NIFTY opened with a gap-up of more than 100 points, showing early bullish momentum. The index is now trading within a range and appears to be forming a symmetric triangle pattern, indicating potential breakout action. Key levels to watch are the day’s support at 24,978.20 and at 24884.85 and resistance at 25,141.15. A breakout above or below these levels could set the tone for the next trend.
Disclaimer: This analysis is for informational purposes only and should not be considered financial advice. Always consult a professional before making trading / investment decisions.
NIFTY opened with a gap-up of more than 100 points, showing early bullish momentum. The index is now trading within a range and appears to be forming a symmetric triangle pattern, indicating potential breakout action. Key levels to watch are the day’s support at 24,978.20 and at 24884.85 and resistance at 25,141.15. A breakout above or below these levels could set the tone for the next trend. Disclaimer: This analysis is for informational purposes only and should not be considered financial advice. Always consult a professional before making trading / investment decisions.
Note
Took Support at lower channel and reversed. Note
Symmetric Triangle Breakout - Target Achieved!
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New Indicator: in.tradingview.com/script/sEyS5dmj-Institutional-Demand-Supply-Indicator/
Step by Step Guide: youtube.com/watch?v=GypfMbXDle0
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.
Questions? Feel free to DM me on TV or on
Telegram: t.me/StableLogic
New Indicator: in.tradingview.com/script/sEyS5dmj-Institutional-Demand-Supply-Indicator/
Step by Step Guide: youtube.com/watch?v=GypfMbXDle0
Telegram: t.me/StableLogic
New Indicator: in.tradingview.com/script/sEyS5dmj-Institutional-Demand-Supply-Indicator/
Step by Step Guide: youtube.com/watch?v=GypfMbXDle0
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.