NIFTY: Next week will decide the next month's trend!
⚡️Price Analysis:
1️⃣ Nifty is testing a crucial support level.
2️⃣ Price structure is still bearish.
3️⃣ Trading below the descending trendline, suggesting continued weakness.
4️⃣ Price is near EMA dynamic support, need to react and bounce for buying strength to dominate.
✨ My Expectations:
➡️ Bounce from current support zone.
➡️ Break below 23,200 could trigger deeper correction towards 22,000 marked zone
➡️ For bullish strength need price to close above 24000.
➡️ Stay Cautious & Alert. Follow risk management discipline strictly.
➡️ WTF:
Strong Bearish Candle on the weekly is not a good sign.
⚠️ Disclaimer: This is NOT a buy/sell recommendation. This post is meant for learning purposes only. Views are personal. Please, do your due diligence before investing.⚠️
💬 What's your view on current market structure? Share your thoughts below!✌️🔥 Happy Trading!✅🚀
1️⃣ Nifty is testing a crucial support level.
2️⃣ Price structure is still bearish.
3️⃣ Trading below the descending trendline, suggesting continued weakness.
4️⃣ Price is near EMA dynamic support, need to react and bounce for buying strength to dominate.
✨ My Expectations:
➡️ Bounce from current support zone.
➡️ Break below 23,200 could trigger deeper correction towards 22,000 marked zone
➡️ For bullish strength need price to close above 24000.
➡️ Stay Cautious & Alert. Follow risk management discipline strictly.
➡️ WTF:
Strong Bearish Candle on the weekly is not a good sign.
⚠️ Disclaimer: This is NOT a buy/sell recommendation. This post is meant for learning purposes only. Views are personal. Please, do your due diligence before investing.⚠️
💬 What's your view on current market structure? Share your thoughts below!✌️🔥 Happy Trading!✅🚀
Anubrata Ray ⚡
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