Sell below: 18930 only on 15 minute candle closure below the level. Target 1: 18860 Target 2: 18800
#Resistance: 19040
Buy Above: 19040 only on 15 minute candle closure Above the level. Target 1: 19110 Target 2: 19200
=> # Remember each level will act as a support and resistance individually so there is a probability of reversal and a pullback on either side so its better to make an habit to book profits at each targets and re-enter again after a breakout from the same with a proper stoploss as per your own risk appetite.
=> # Please do your own research before initiating any trade. Always use stoploss in order to protect your capital.
=> #If you are Unable to trade properly and dissatisfied with your manual trading results due to psychological disadvantages or busy schedule or "Fear & Greed" emotions, then Algorithmic trading can be the most useful solution to overcome such problems. Kindly follow us and join us using details mentioned below the idea.
=> # Please refer our swing based support and resistance indicator if you find it useful give it a like.
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#Disclaimer: This is just a view and published here only for educational purpose, this should not be considered as a buy or sell signal. Trading in stock market may involve financial risk therefore, do your own research before taking any position.
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currently nifty taking support at marked level, breakdown below 18920 is necessary for further fall.
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breakdown, boosting further negative sentiments.
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as explained earlier... we all witnessed a downward momentum. Now, secure your profits and do not risk much of your capital as this is monthly expiry.
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trendline resistance confirmed.
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as explained in previous snapshots, nifty achieved target 1 successfully following resistance at marked trendline.
currently, taking support at 18850, which is crucial. wait for breakdown below 18850 for further downward momentum.
18850 is a crucial level so trade with caution. never forget to use SL in order to protect your capital.
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as described 18850 is crucial.
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again took support
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Nifty current scenario, symmetric triangle pattern on 3 min timeframe.
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price is perfectly consolidating within the triangle, wait for breakout on either side.
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price rejected after trapping buyers ! Again taking a halt at 18850.
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18850 is becoming stronger support with time, wait patiently for short entries.
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18900 is an immediate resistance, therefore, the range between 18850 and 18900 is no trading zone for now.
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finally nifty managed to hold 18850 till the EOD.
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