The Nifty Media Index has shown a strong bounce from a crucial support zone, gaining +10.83% in recent sessions. This move indicates a potential trend reversal!
📊 Key Observations:
✅ Support Retest Successful: The index held above the key 1,450-1,500 zone and bounced.
✅ Breakout Confirmation: Price is attempting to sustain above this level, signaling further upside potential.
✅ Next Resistance: The 1,650-1,700 zone could act as the next target.
⚠️ Trading Plan:
A sustained close above 1,550 could trigger further upside.
If the breakout sustains, 1,650-1,700 could be the next target.
Support at 1,450 should hold for a bullish continuation.
📊 Key Observations:
✅ Support Retest Successful: The index held above the key 1,450-1,500 zone and bounced.
✅ Breakout Confirmation: Price is attempting to sustain above this level, signaling further upside potential.
✅ Next Resistance: The 1,650-1,700 zone could act as the next target.
⚠️ Trading Plan:
A sustained close above 1,550 could trigger further upside.
If the breakout sustains, 1,650-1,700 could be the next target.
Support at 1,450 should hold for a bullish continuation.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.