📈 Hourly Chart Technical Analysis
🔸 RSI Cooling Off:
The RSI recently reversed from a scorching 88 on the hourly chart, signaling overbought conditions 🚨. This hints at a possible short-term pullback before the bulls decide their next move 🐂⏳.
🔸 🚧 Resistance Ahead:
📍 23,350 is the key level to watch – it’s a strong resistance zone that’s been tough to crack in the past. A breakout here could light up the index! 💥📊
🔸 🛡️ Support Zones:
📉 22,800 is holding firm as immediate support, backed by solid open interest data – a level the bulls will want to protect.
Nifty Trading Plan Could Miss the Mark – Risk Level: 99%
⚠️ Strategy for Monday – April 14
✅ Above 23,000:
🚀 Bullish bias – Eyes on a move up to 23,350. Consider buying only on strong breakout confirmation. Momentum is key! 🔍📈
🟡 Between 23,000 and 22,800:
🎯 Expect sideways action – a choppy range where scalpers might thrive. Trade light and keep those stop losses tight! 🪙⚖️
🔻 Below 22,800:
🐻 A bearish signal – this opens the door for a drop toward 22,555. Consider short positions only with strict risk control 🎯🛑
🔸 RSI Cooling Off:
The RSI recently reversed from a scorching 88 on the hourly chart, signaling overbought conditions 🚨. This hints at a possible short-term pullback before the bulls decide their next move 🐂⏳.
🔸 🚧 Resistance Ahead:
📍 23,350 is the key level to watch – it’s a strong resistance zone that’s been tough to crack in the past. A breakout here could light up the index! 💥📊
🔸 🛡️ Support Zones:
📉 22,800 is holding firm as immediate support, backed by solid open interest data – a level the bulls will want to protect.
Nifty Trading Plan Could Miss the Mark – Risk Level: 99%
⚠️ Strategy for Monday – April 14
✅ Above 23,000:
🚀 Bullish bias – Eyes on a move up to 23,350. Consider buying only on strong breakout confirmation. Momentum is key! 🔍📈
🟡 Between 23,000 and 22,800:
🎯 Expect sideways action – a choppy range where scalpers might thrive. Trade light and keep those stop losses tight! 🪙⚖️
🔻 Below 22,800:
🐻 A bearish signal – this opens the door for a drop toward 22,555. Consider short positions only with strict risk control 🎯🛑
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Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.