Only for educational purpose
This is NIFTY50 chart on 1Hour timeframe, we have noticed that NIFTY50 is on crucial support, and forming downtrend line. NIFTY50 is below 20MA. If NIFTY50 hold the support area or form any bullish candle pattern then it could be a opportunity to go long ( after checking all the parameters)
SUPPORT AND RESISTANCE WORKS VERY WELL.
This is NIFTY50 chart on 1Hour timeframe, we have noticed that NIFTY50 is on crucial support, and forming downtrend line. NIFTY50 is below 20MA. If NIFTY50 hold the support area or form any bullish candle pattern then it could be a opportunity to go long ( after checking all the parameters)
SUPPORT AND RESISTANCE WORKS VERY WELL.