NIFTY--Double Top??

1 Feb

Nifty index is created a demand zone at bottom levels...
strong consolidation is observed today on top at Supply zone, liquidity grab is also done above the same supply zone...
if it forms a double top here it is likely to test the demand zones lies below 20800 levels
if it failed to make it, then a long continuation may again happens from 21300 levels....
keep safe from this zones.
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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.

2 Feb

Catatan

Double top failed and make the same as support and now price is at resistance zone...tested 22000 level.