nifty fifty on 27 Feb 25
Demand & Supply Zones Analysis:
Based on the chart, the price has been in a clear downtrend, forming lower highs and lower lows. Here are the key demand and supply levels:
🔴 Supply (Resistance) Zones:
22,740 - 22,820 → Previous consolidation area before the major drop.
22,900 - 23,000 → Strong resistance where price faced selling pressure earlier.
🔹 If the price moves up and reaches these zones, selling pressure may increase.
🟢 Demand (Support) Zones:
22,500 - 22,510 → The most recent low (22,513.90) acting as immediate support.
22,350 - 22,400 → Next possible strong support if price breaks below 22,500.
22,200 - 22,250 → Major demand zone from previous historical levels.
🔹 If the price reaches these demand zones, buyers might step in, leading to a potential bounce.
Trading Plan:
Short Trades 📉: Look for entries near supply zones with bearish confirmation (e.g., rejection wicks, red candles).
Long Trades 📈: Wait for bullish confirmation (e.g., strong green candles, high buying volume) near demand zones.
Would you like a more detailed scalping or swing trading strategy for these levels? 🚀
Based on the chart, the price has been in a clear downtrend, forming lower highs and lower lows. Here are the key demand and supply levels:
🔴 Supply (Resistance) Zones:
22,740 - 22,820 → Previous consolidation area before the major drop.
22,900 - 23,000 → Strong resistance where price faced selling pressure earlier.
🔹 If the price moves up and reaches these zones, selling pressure may increase.
🟢 Demand (Support) Zones:
22,500 - 22,510 → The most recent low (22,513.90) acting as immediate support.
22,350 - 22,400 → Next possible strong support if price breaks below 22,500.
22,200 - 22,250 → Major demand zone from previous historical levels.
🔹 If the price reaches these demand zones, buyers might step in, leading to a potential bounce.
Trading Plan:
Short Trades 📉: Look for entries near supply zones with bearish confirmation (e.g., rejection wicks, red candles).
Long Trades 📈: Wait for bullish confirmation (e.g., strong green candles, high buying volume) near demand zones.
Would you like a more detailed scalping or swing trading strategy for these levels? 🚀
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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.