Hello everyone👏
It's a new week's analysis..
On Friday 5th April it was gap down.. Still nifty hold support of 22430 & closed above 22500 levels successfully.
As long as nifty holding its major supports of 22430 - 22380...its a reversal and upside move intact.
Multi timeframe :-
1) In monthly momentum inclined... Trend bullish & rsi is also in bullish teritory.. Coming resistance 23200 ( pivot ) & support 22300 indecisive candlestick; price is above all moving averages. 22k & 21990 levels for trend change in higher tf.. Short term trend bullish.. In continuation.
2) In weekly tf also not any change, just a bullish hammer candlestick & rsi took support at 65 & inclined ( bullish)
3) In daily tf bearish diversion, bullish hammer candlestick, rsi flat, momentum inclined, coming resistance 22621 : 22665 : 22705, if nifty hold & closed above 22650/ 22700 then again 23 k will be new tgt.
Support - 22460 : 22410 : 22366 : 22306 : 22273 & 22231
4) In hourly tf.. Momentum inclined, rsi flat at 58..
5) and in 15 min price in range between 22520 & 22470..consolidate whole day..
Levels :-
Resistance - 22560 - 22620 & above 100 to 200 pts range open
Support - 22460 : 22376 : 22313 : 22267 .. Any reversal from these levels can give good pts.
Hit 👊 like button & boost my post to spread the knowledge📚 😉
All levels and information provided here is only for educational purposes.
No buy / sell recommendations.
DYOA & make decisions.
Thank you🙏
It's a new week's analysis..
On Friday 5th April it was gap down.. Still nifty hold support of 22430 & closed above 22500 levels successfully.
As long as nifty holding its major supports of 22430 - 22380...its a reversal and upside move intact.
Multi timeframe :-
1) In monthly momentum inclined... Trend bullish & rsi is also in bullish teritory.. Coming resistance 23200 ( pivot ) & support 22300 indecisive candlestick; price is above all moving averages. 22k & 21990 levels for trend change in higher tf.. Short term trend bullish.. In continuation.
2) In weekly tf also not any change, just a bullish hammer candlestick & rsi took support at 65 & inclined ( bullish)
3) In daily tf bearish diversion, bullish hammer candlestick, rsi flat, momentum inclined, coming resistance 22621 : 22665 : 22705, if nifty hold & closed above 22650/ 22700 then again 23 k will be new tgt.
Support - 22460 : 22410 : 22366 : 22306 : 22273 & 22231
4) In hourly tf.. Momentum inclined, rsi flat at 58..
5) and in 15 min price in range between 22520 & 22470..consolidate whole day..
Levels :-
Resistance - 22560 - 22620 & above 100 to 200 pts range open
Support - 22460 : 22376 : 22313 : 22267 .. Any reversal from these levels can give good pts.
Hit 👊 like button & boost my post to spread the knowledge📚 😉
All levels and information provided here is only for educational purposes.
No buy / sell recommendations.
DYOA & make decisions.
Thank you🙏
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.