1. Key Resistance Levels (Descending Order):
24,227.00 (strongest resistance)
24,000.00 (psychological level)
23,870.00
Interpretation:
The resistance levels suggest a bearish structure on higher timeframes (e.g., 4H). A break above 23870 would invalidate the bearish bias, while a drop below 23870 could accelerate downward momentum.
Timeframe Sentiment Conflict:
Short-term bullish: 5M, 15M, and 1H timeframes show bullish momentum.
Medium-term bearish: 4H timeframe signals bearish sentiment.
Implication:
Watch at the key level 23870. Above this level bullish and below this level bearish.
Short-term traders may exploit upward retracements, but the 4H bearish bias warns of potential reversals.
Summary:
Bearish bias dominates on 4H, but short-term trend is bullish.
Key Levels:
Upside Breakout: Above 23870, target 24227.
Downside Breakdown: Below 23870 bearish.
24,227.00 (strongest resistance)
24,000.00 (psychological level)
23,870.00
Interpretation:
The resistance levels suggest a bearish structure on higher timeframes (e.g., 4H). A break above 23870 would invalidate the bearish bias, while a drop below 23870 could accelerate downward momentum.
Timeframe Sentiment Conflict:
Short-term bullish: 5M, 15M, and 1H timeframes show bullish momentum.
Medium-term bearish: 4H timeframe signals bearish sentiment.
Implication:
Watch at the key level 23870. Above this level bullish and below this level bearish.
Short-term traders may exploit upward retracements, but the 4H bearish bias warns of potential reversals.
Summary:
Bearish bias dominates on 4H, but short-term trend is bullish.
Key Levels:
Upside Breakout: Above 23870, target 24227.
Downside Breakdown: Below 23870 bearish.
Trade attivo
Nifty @ 24180, just 47 points below our Target of 24227.Be careful now. trail your stop loss or book profits.
Trade chiuso: obiettivo raggiunto
Target achieved 24227.
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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.