NIFTY--Retracement or Reversal??After a strong fall from the 19500 range price is again retraced back.
If we want to go for short wait until price breaks the trendline and retest....
until don't go for short side...
A fake breakout may also happens at 19500 levels...keep safe.
keep observe this line...
Niftyview
#NIFTY Intraday Support and Resistance Levels - 24/08/2023Nifty will be gap up opening in today's session. After opening nifty sustain above 19450 level and then possible upside rally up to 19550 & this rally can extend for another 100-120 points if it gives breakout of 19560 level in today's session. in case nifty trades below 19420 level then the downside target can go up to the 19300 level.
#NIFTY Intraday Support and Resistance Levels - 22/08/2023Nifty will be FLAT opening in today's session. After opening nifty sustain above 19400 level and then possible upside rally up to 19520 in today's session. in case nifty trades below 19350 level then the downside target can go up to the 19230 level.
Nifty levelsNifty support and resistance levels are valuable tools for making informed trading decisions, specifically when combined with the analysis of 5-minute timeframe candlesticks and VWAP. By closely monitoring these levels and observing the price movements within this timeframe, traders can enhance the accuracy of their entry and exit points. It is important to bear in mind that support and resistance levels are not fixed, and they can change over time as market conditions evolve.
The dashed lines on the chart indicate the reaction levels, serving as additional points of significance to consider.
We hope you find this information beneficial in your trading endeavors.
* If you found the idea appealing, kindly tap the Boost icon located at the bottom right. We encourage you to share your thoughts and comments regarding it.
Wishing you success in your trading activities!
#NIFTY Intraday Support and Resistance Levels - 16/08/2023Nifty will be gap down opening in today's session. After opening nifty start trading below 19400 level and then possible dowside rally up to 19280 in today's session. in case nifty trades above 19430 level then the upside target can go up to the 19550 level.
Nifty levelsNifty support and resistance levels are valuable tools for making informed trading decisions, specifically when combined with the analysis of 5-minute timeframe candlesticks and VWAP. By closely monitoring these levels and observing the price movements within this timeframe, traders can enhance the accuracy of their entry and exit points. It is important to bear in mind that support and resistance levels are not fixed, and they can change over time as market conditions evolve.
The dashed lines on the chart indicate the reaction levels, serving as additional points of significance to consider.
We hope you find this information beneficial in your trading endeavors.
* If you found the idea appealing, kindly tap the Boost icon located at the bottom right. We encourage you to share your thoughts and comments regarding it.
Wishing you success in your trading activities!
NIFTY--Liquidity @19650 and @19300 ??Nifty index price is turned to be bearish from a ranging...
now the price is near to its bullish gap...
If this acts as support and trendline breaks price is said to be bullish again...
clears the liquidity @19600-19650 levels...
be on bearish side until price breaks trendline...
If trendline breaks keep on buy side up to 19550 and 19600 levels.
Keep safe before short side...as it is on important level of support @19300 levels.
If price is continue to be bearish then we have a another bullish gap + Demand is located @19150 levels...
before going down it may clears the liquidity on top side...keep safe...
Totally Ranging from 19650-19150 levels.
#NIFTY Intraday Support and Resistance Levels - 14/08/2023Nifty will be FLAT opening in today's session. After opening nifty start trading above 19450 level and then possible upside rally up to 19570 in today's session. in case nifty trades below 19410 level then the downside target can go up to the 19290 level.
NIFTY--@Trendline Break??The Nifty index is now near its trendline...
After taking the support from Right shoulder...it is ready to break the trendline...
if price breaks the trendline, we will observe a good upside move...
If price breaks the trendline tomorrow might be a trending day for nifty.
today price is consolidated in a range...
if it breaks upside this time it will finishes bearishgap...
If it is unable to break the trendline...will look for short side...until keep on buy side...
#NIFTY Intraday Support and Resistance Levels - 10/08/2023Nifty will be gap down opening in today's session. After opening nifty start trading below 19620 level and then possible downside rally up to 19500 in today's session. in case nifty trades above 19650 level then the upside target can go up to the 19770 level.