NIFTY--Which is Support @19500 or Trendline ??

14 ก.ค. 2023

The NIFTY index again broken the ATH...
multiple times break out above ATH and it's reversal....
so what happens in nifty is...the trend is bullish to Sideways...
it is also moves in a channel...
price faced resistance multiple times @19500-19520 zone...
if tomorrow price acts as a support...it again moves up...
if price again falls below price is continue its movement upto the trendline...
we have trendline support as well...until price breaks this trendline will be on the buy side...
if trendline failed to acts as support,the same zone is acts as resistance...
sellers takes price again to bottom side...

All this is pre and post market analysis...we cannot assume anything what happens...
will see on live market what's happening...

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17 ก.ค. 2023

บันทึก

price has taken the support @19560 range....if it is a false breakout...will be looking for short entry

17 ก.ค. 2023

บันทึก

17 ก.ค. 2023

บันทึก

price is slowly moving in a channel...after break above the main channel...if price again falls below...sellers will again take the price downwards...keep safe until long.