As we discussed before 1 month
Nifty react as well as my Analysis
๐ Nifty 50 Analysis โ Hereโs a detailed breakdown of the chart and its implications:
โ๏ธKey Observations
๐ 1. Accumulation Zone (22,625 - 22,821) โ
๐น This zone is a "best price range for long-term investment."
๐น Historically, accumulation zones indicate a potential demand area where institutional buyers may step in.
๐น If the index holds this level, we could see an upward movement ๐.
๐ 2. Strong Resistance Zone (23,050 - 23,178) โ
๐น The chart suggests this area is a potential reversal point.
๐น If Nifty reaches this level, profit booking or selling pressure may emerge.
๐น A breakout above this zone could signal further bullish momentum ๐.
๐ 3. Projected Price Action (Wave Structure) ๐
๐น The pattern (A โ D โ F) suggests a possible bounce from accumulation to resistance.
๐น If resistance is broken, Nifty could rally further.
๐ Trading Strategy
โ Bullish View:
๐น If Nifty holds above 22,625, it could move toward 23,050 - 23,178.
๐น A breakout above 23,178 may signal a continued uptrend ๐.
โ Bearish View:
๐น A breakdown below 22,625 could lead to further declines ๐.
๐น If this happens, new support levels need to be identified.
โ Disclaimer: I am not a SEBI-registered analyst. Stock markets are subject to market risks. Please do your own research before investing. ๐ข๐
Nifty react as well as my Analysis
๐ Nifty 50 Analysis โ Hereโs a detailed breakdown of the chart and its implications:
โ๏ธKey Observations
๐ 1. Accumulation Zone (22,625 - 22,821) โ
๐น This zone is a "best price range for long-term investment."
๐น Historically, accumulation zones indicate a potential demand area where institutional buyers may step in.
๐น If the index holds this level, we could see an upward movement ๐.
๐ 2. Strong Resistance Zone (23,050 - 23,178) โ
๐น The chart suggests this area is a potential reversal point.
๐น If Nifty reaches this level, profit booking or selling pressure may emerge.
๐น A breakout above this zone could signal further bullish momentum ๐.
๐ 3. Projected Price Action (Wave Structure) ๐
๐น The pattern (A โ D โ F) suggests a possible bounce from accumulation to resistance.
๐น If resistance is broken, Nifty could rally further.
๐ Trading Strategy
โ Bullish View:
๐น If Nifty holds above 22,625, it could move toward 23,050 - 23,178.
๐น A breakout above 23,178 may signal a continued uptrend ๐.
โ Bearish View:
๐น A breakdown below 22,625 could lead to further declines ๐.
๐น If this happens, new support levels need to be identified.
โ Disclaimer: I am not a SEBI-registered analyst. Stock markets are subject to market risks. Please do your own research before investing. ๐ข๐
Declinazione di responsabilitร
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.
Declinazione di responsabilitร
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.