Nifty Levels of support
Currently i am seeing 3 levels of support.
1. Current retracement level is at 50% (22600), and just on the top of resistance levels of Q3 2024.
2. next support possibly at 61% retracement (21600-21700), which also falls on the trend line which passes through peaks of Oct'21 and Sep'23 interestingly cuts through the gap-up in Dec'23
3. final level of support is 78% retracement (20400-20500), which finally fills the Gap-up in Dec'23.
Hopefully it should reverse from the current levels, but it should not go beyond 20500 level which is 78% retracement.
1. Current retracement level is at 50% (22600), and just on the top of resistance levels of Q3 2024.
2. next support possibly at 61% retracement (21600-21700), which also falls on the trend line which passes through peaks of Oct'21 and Sep'23 interestingly cuts through the gap-up in Dec'23
3. final level of support is 78% retracement (20400-20500), which finally fills the Gap-up in Dec'23.
Hopefully it should reverse from the current levels, but it should not go beyond 20500 level which is 78% retracement.
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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.