nifty fifty on 27 Feb 25
Demand & Supply Zones Analysis:
Based on the chart, the price has been in a clear downtrend, forming lower highs and lower lows. Here are the key demand and supply levels:
🔴 Supply (Resistance) Zones:
22,740 - 22,820 → Previous consolidation area before the major drop.
22,900 - 23,000 → Strong resistance where price faced selling pressure earlier.
🔹 If the price moves up and reaches these zones, selling pressure may increase.
🟢 Demand (Support) Zones:
22,500 - 22,510 → The most recent low (22,513.90) acting as immediate support.
22,350 - 22,400 → Next possible strong support if price breaks below 22,500.
22,200 - 22,250 → Major demand zone from previous historical levels.
🔹 If the price reaches these demand zones, buyers might step in, leading to a potential bounce.
Trading Plan:
Short Trades 📉: Look for entries near supply zones with bearish confirmation (e.g., rejection wicks, red candles).
Long Trades 📈: Wait for bullish confirmation (e.g., strong green candles, high buying volume) near demand zones.
Would you like a more detailed scalping or swing trading strategy for these levels? 🚀
Based on the chart, the price has been in a clear downtrend, forming lower highs and lower lows. Here are the key demand and supply levels:
🔴 Supply (Resistance) Zones:
22,740 - 22,820 → Previous consolidation area before the major drop.
22,900 - 23,000 → Strong resistance where price faced selling pressure earlier.
🔹 If the price moves up and reaches these zones, selling pressure may increase.
🟢 Demand (Support) Zones:
22,500 - 22,510 → The most recent low (22,513.90) acting as immediate support.
22,350 - 22,400 → Next possible strong support if price breaks below 22,500.
22,200 - 22,250 → Major demand zone from previous historical levels.
🔹 If the price reaches these demand zones, buyers might step in, leading to a potential bounce.
Trading Plan:
Short Trades 📉: Look for entries near supply zones with bearish confirmation (e.g., rejection wicks, red candles).
Long Trades 📈: Wait for bullish confirmation (e.g., strong green candles, high buying volume) near demand zones.
Would you like a more detailed scalping or swing trading strategy for these levels? 🚀
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.
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.