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IIT-Trader
Oct 12, 2023 1:27 PM

NIFTY--Consolidation + Down= Rise from Trendline?? 

Nifty 50 IndexNSE

Description

I am sharing the important levels of Support and Resistance. These levels play a crucial role in trading decisions, as they act as reliable markers of price movements.
------>>Support levels are price points where an asset tends to find buying interest, preventing it from falling further.
---->Resistance levels, on the other hand, are points where selling pressure typically prevents the asset from rising higher.

Take a look at these levels and trade accordingly. Recognizing and respecting these support and resistance levels can help traders make informed decisions and manage risk effectively. They serve as key reference points for technical analysis and are vital tools in successful trading strategies.

Trade safe...Thank you guys for your support.
Comments
IIT-Trader
What do you think about NIFTY??
Pixel-Trader
Great view of the situation,it is very interesting to know it will rise from the same.Thanks for the update
nrhs_trades
Excellent Observation mate 👌
CA_Pearl
Great thinking sir.
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