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IIT-Trader
Feb 4, 2024 4:30 PM

NIFTY--Double Top or Inverse H&S ?? 

Nifty 50 IndexNSE

Description

Need some more trading sessions to analysis, to confirm upside or downside??

I am sharing the important levels of Support and Resistance. These levels plays 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

Comment

Nifty exactly at trendline....tomorrow may be bullish or liquidity below the trendline grab ...soo safe....

Comment

Nifty at resistance zone...we have gapup or gapdown chance...keep safe here.

Comment

Nifty exactly opens at resistance zone...wait for breakout or breakdown....
Comments
IIT-Trader
what is your view on Nifty??
Krishinas
below 21930 looks weak??
IIT-Trader
@Krishinas, No short side view...will wait for clear direction....tomorrow consolidation at resistance levels and may moves higher...
or grab the liquidity near the trendline and moves up...strong break and retest then only shortside upto 21400 -21300 levels.
Krishinas
almost in consolidation but once retraced from yesterday close.
Krishinas
can't we get these markings directly on the screen on mobile app
Krishinas
just holding tight, the market respects the support, resistance and trendline marked...
IIT-Trader
@Krishinas, good....Retest is compulsory for short side...
Krishinas
omg I am on long
IIT-Trader
@Krishinas, exit from long below 21860 levels.
IIT-Trader
@Krishinas, book longs at 21930 level. Don't carry longs chance of downside move...keep safe...NIFTY in observtion mode.
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