Publishing herewith my idea about nifty using day time frame, well add some more graphics in comment section
Note
if price crosses a range/ line be cautious ,line or range will act as support or resistance as per opening price, if opens below a range, it will act as resistance and vice versa, on trending day price might break more than one ranges, so, just be cautious when price reaches the range/ line and move the sl accordingly
Note
monthly rangeDisclaimer
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.