Nifty Levels of support
Currently i am seeing 3 levels of support.
1. Current retracement level is at 50% (22600), and just on the top of resistance levels of Q3 2024.
2. next support possibly at 61% retracement (21600-21700), which also falls on the trend line which passes through peaks of Oct'21 and Sep'23 interestingly cuts through the gap-up in Dec'23
3. final level of support is 78% retracement (20400-20500), which finally fills the Gap-up in Dec'23.
Hopefully it should reverse from the current levels, but it should not go beyond 20500 level which is 78% retracement.
1. Current retracement level is at 50% (22600), and just on the top of resistance levels of Q3 2024.
2. next support possibly at 61% retracement (21600-21700), which also falls on the trend line which passes through peaks of Oct'21 and Sep'23 interestingly cuts through the gap-up in Dec'23
3. final level of support is 78% retracement (20400-20500), which finally fills the Gap-up in Dec'23.
Hopefully it should reverse from the current levels, but it should not go beyond 20500 level which is 78% retracement.
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.