Nifty 15-Minute Chart Analysis for Intraday Levels 21st-Jan-2025

21 Jan

Hello Everyone, i hope you all will be doing Good in your life and your trading as well. Let's start analysis on NIfty for Intraday Levels.

The chart highlights a well-defined No Trading Zone between 23,262 and 23,410. This area indicates indecision, where trading may lead to unfavorable outcomes. Patience is key while waiting for a breakout.

Here’s what happens:

A move above 23,410 may indicate bullish strength, leading to potential targets of 23,522 and 23,591.
Conversely, a move below 23,262 may signal bearish momentum, paving the way for levels like 23,162 and 23,061.

These levels act as decision points for intraday traders. A breakout above or below these zones could set the tone for the day. The RSI indicates underlying strength, but confirmation from price action is essential.

Disclaimer: This analysis is for educational purposes only. Please trade responsibly and consult a financial advisor before making any decisions.

If you found this analysis helpful, don’t forget to like, follow, and share your thoughts in the comments below! Your support keeps me motivated to share more insights. Let’s grow and learn together—happy trading!

21 Jan

Trade aktif

Reached 1st target