I had previously shared a NIFTY chart where I had asked to short NIFTY below 17k level with 5 supports underneath. NIFTY has breached all those supports and now standing on Trendline 2.
The link of previous idea is attached underneath.
Now if NIFTY breaches trendline 2 and breaks the latest low level then lower support levels are marked in the chart.
If it reverses from here then my 5 support levels mentions in the previous chart will now become our resistances on the upper move.
Disclamer: My idea is purely for educational purpose and kindly take a trade based upon your risk management. Always book partially and use a strict trailing stop loss.
Learn & Earn,
Dr. Tanya Kumar
The link of previous idea is attached underneath.
Now if NIFTY breaches trendline 2 and breaks the latest low level then lower support levels are marked in the chart.
If it reverses from here then my 5 support levels mentions in the previous chart will now become our resistances on the upper move.
Disclamer: My idea is purely for educational purpose and kindly take a trade based upon your risk management. Always book partially and use a strict trailing stop loss.
Learn & Earn,
Dr. Tanya Kumar
Not
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.