NIFTY- NEXT- TREND SETUP

NIFTY DAILY CHART SETUP WHAT WILL BE NEXT TREND SETUP NEXT FEW SESSION.

1. NiFTY bought from extreme oversold level 15800-16000 at this level two double bottom candle seen which indicates nifty bottom out at 15800-16000 level and from this level nifty at cmp 17287 around 1300 points upside seen which is strong upmove

2. last candle of nifty is breakout candle of lower channel that means nifty reverse from bearish to bullish channel again

3. nifty seen strong support around 17000 level as long as this level hold next few sessions nifty bullish trend continue with upside target 17600-17700 level .

** THIS IDEA ID FOR EDUCATIONAL PURPOSE .

HAPPY TRADING. !!

註釋

DAILY RSI AT 57.2 . at daily closing candle .
MACD bellow center line .

17000-17100 will be demand zone if some fall after such a sharp upmove

stop loss can be placed bellow 16800 for target 17600-17700

註釋

bounce back seen today from 17000 level .. 22/03/2022

註釋

from 17000 support level ..we gain 400 points last 2 days till now . !

註釋

NIFTY consolidation between 17100 to 17300 zone today. aggressive put around 17100 and call around 17300-17350 level .

註釋

24/03/2022

註釋

this week we see nifty taken support around 17000-7100 make high 17400 and
trade around 7100-17300 narrow range of 200 points Closing at around 17150 level
which is 50% Fibonacci support of this trade area.
my view next week 17150 will be good support and nifty try to break 17300-17400 upside bellow 17000 can upsets bulls . 26/03/2022

註釋

close fight between bull and bear ! at 17000 level .! 28/03/2022

註釋

17450 crucial resistance for bulls broken today ..trade of long open upside to 17600-17700 ..shorts trapped badly .. 30/03/2022

註釋

AS per this trade setup nifty HIT TARGET 17600 TODAY ..! 01/04/2022