Nifty Analysis for the Upcoming Week (Sep 30th to Oct 4th)
Diupdate
Nifty Analysis for the Upcoming Week
As long as the Nifty remains above the 26,000 mark, the overall structure remains bullish. Should this level be violated, we may see a pullback to the 25,800 area, which is a favorable zone for potential long entries, particularly with confirmation from price action.
On the 15-minute chart, the index is currently testing trendline support. If this support breaks, we could see a quick test of immediate support below 26,000.
**Immediate Resistance Levels:**
- 26,200: A sustained move above this level could target 26,250,26,275 and 26,300.
**Immediate Support Levels:**
- 26,150: If the index holds above this, we can expect bullish momentum. However, a drop below could lead us to targets of 26,100, 26,050, and potentially down to 26,000.(25800).
For any further declines below 25800, it will be essential to reassess market conditions.
In this bullish structure, adopting a "buy on dips" strategy or looking for reversal patterns at support areas is advisable. Identify key resistance levels on the chart and wait for rejection signals to engage in trades towards the support zones below.
Education Purpose only do you analysis before taking entries.
Happy Trading !!!
As long as the Nifty remains above the 26,000 mark, the overall structure remains bullish. Should this level be violated, we may see a pullback to the 25,800 area, which is a favorable zone for potential long entries, particularly with confirmation from price action.
On the 15-minute chart, the index is currently testing trendline support. If this support breaks, we could see a quick test of immediate support below 26,000.
**Immediate Resistance Levels:**
- 26,200: A sustained move above this level could target 26,250,26,275 and 26,300.
**Immediate Support Levels:**
- 26,150: If the index holds above this, we can expect bullish momentum. However, a drop below could lead us to targets of 26,100, 26,050, and potentially down to 26,000.(25800).
For any further declines below 25800, it will be essential to reassess market conditions.
In this bullish structure, adopting a "buy on dips" strategy or looking for reversal patterns at support areas is advisable. Identify key resistance levels on the chart and wait for rejection signals to engage in trades towards the support zones below.
Education Purpose only do you analysis before taking entries.
Happy Trading !!!
Catatan
26k Voilated may test 25850 to 25800 area below
Catatan
25850 acheived
Catatan
25800 aslo acheived
Catatan
until below 25900 nifty still bearish to sideways for today 1st Oct only above 25900 sustains it may go test 26k again otherwise it will end up sideways allday between 25900 and 25800 area.
Catatan
25800 voilated below support marked may test
Trade aktif
Trade aktif
Trailing
Catatan
70 points gain so far
Catatan
For october 3rd 25680 is immeadiate support and then 25600 area below two are most important supports to look for , immeadiate reisstance will be 25800 now on .
Catatan
5 Mins time frame chart for reference , for more details on the chart check on my profile description
Catatan
25600 is new resistance now below 25300 can test comming days if not today.
Catatan
25340 acheived it will go down moreseems , it can test dailytime frame trend line below , if you go up and see the idea start of the week i posted it broke 15 mins and 1 hr trendline support now heading for daily time frame trendline.
Catatan
25300 acheivedTrading ditutup: target tercapai
Acheived all targets with trendline menitoned above
Publikasi terkait
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.