TF: Daily
CMP: 4182
Price has formed a pinbar at the 4150 mark and holding the 4100 support/demand zone for now.
Price has moved in an impulse fashion from this level in August 2025
The zone of 4000-4100 has been very strong on weekly TF as well (be it acting as a Resistance or as Support)
Here is the weekly chart with levels for better understanding
At CMP 4180, it looks like a low risk long set up with a daily close below 4100 as Stoploss
Things to be Cautious about:
Price is trading below 200 DEMA, safe traders can wait for the daily close above 200 DEMA (4250 levels)
Price is trading below the Cloud as well
Strict SL is a must for long bias trades.
Definitely this is not a place to go SHORT
Disclaimer: I am not a SEBI registered Analyst and this is not a trading advise. Views are personal and for educational purpose only. Please consult your Financial Advisor for any investment decisions. Please consider my views only to get a different perspective (FOR or AGAINST your views). Please don't trade FNO based on my views. If you like my analysis and learnt something from it, please give a BOOST. Feel free to express your thoughts and questions in the comments section.
CMP: 4182
Price has formed a pinbar at the 4150 mark and holding the 4100 support/demand zone for now.
Price has moved in an impulse fashion from this level in August 2025
The zone of 4000-4100 has been very strong on weekly TF as well (be it acting as a Resistance or as Support)
Here is the weekly chart with levels for better understanding
At CMP 4180, it looks like a low risk long set up with a daily close below 4100 as Stoploss
Things to be Cautious about:
Price is trading below 200 DEMA, safe traders can wait for the daily close above 200 DEMA (4250 levels)
Price is trading below the Cloud as well
Strict SL is a must for long bias trades.
Definitely this is not a place to go SHORT
Disclaimer: I am not a SEBI registered Analyst and this is not a trading advise. Views are personal and for educational purpose only. Please consult your Financial Advisor for any investment decisions. Please consider my views only to get a different perspective (FOR or AGAINST your views). Please don't trade FNO based on my views. If you like my analysis and learnt something from it, please give a BOOST. Feel free to express your thoughts and questions in the comments section.
Trade chiuso: stop raggiunto
closed below the support candle.. SL hit.. trade closed
I am not a SEBI Registered Analyst. Views are personal and for Education purpose only. Please consult your Financial Analyst before making investment decision
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.
I am not a SEBI Registered Analyst. Views are personal and for Education purpose only. Please consult your Financial Analyst before making investment decision
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.