There is a Supply Zone on Weekly Chart @ 17800-17900 and Supply Zone on Daily chart @ 17850-17900.
There is Demand Zone on Weekly Chart @ 17400-17450 and Demand Zone on Daily Chart @ 16780-17745.
Normally there should be a follow through in price from weekly supply zone but Nifty is taking support from it's daily demand zone.
Also there is a positive RSI Diversion on Daily Chart.
There is a higher probability of breakout.
There is Demand Zone on Weekly Chart @ 17400-17450 and Demand Zone on Daily Chart @ 16780-17745.
Normally there should be a follow through in price from weekly supply zone but Nifty is taking support from it's daily demand zone.
Also there is a positive RSI Diversion on Daily Chart.
There is a higher probability of breakout.
Comment:
Comment:
Strong Price Action from 17800-17900 Supply Zone.
it needs to clear the Supply zone with strong price moment to convert supply zone into demand zone.
it needs to clear the Supply zone with strong price moment to convert supply zone into demand zone.
Trade closed manually:
Profit Booked...
Will Take a Long Position again once it will sustain above 17935
Will Take a Long Position again once it will sustain above 17935
Comment:
Now it's time to short
