NIFTY --CHART SETUP -- HOURLY TF
1. NIFTY Seen at hourly timeframe, Last closing session last hourly candle near strong support line 17400-17450 Level .
2. Previously circle indicate same support where nifty make trend reversal and move to 18100 sub level .
3. CCI indicator downside shown oversold level , as well as double bottom , which is possibilities of trend reversal next few session
4. nifty trading at lower channel currently as seen on chart , if support taken then target will be green arrow indicate upside movement to 18000 level channel upper level . if 17400-17450 breaks next closing session then downside lower level of channel 17100 level can seen .
** THIS IDEA IS FOR EDUCATIONAL... Trade at own risk ..
HAPPY TRADING. !!
1. NIFTY Seen at hourly timeframe, Last closing session last hourly candle near strong support line 17400-17450 Level .
2. Previously circle indicate same support where nifty make trend reversal and move to 18100 sub level .
3. CCI indicator downside shown oversold level , as well as double bottom , which is possibilities of trend reversal next few session
4. nifty trading at lower channel currently as seen on chart , if support taken then target will be green arrow indicate upside movement to 18000 level channel upper level . if 17400-17450 breaks next closing session then downside lower level of channel 17100 level can seen .
** THIS IDEA IS FOR EDUCATIONAL... Trade at own risk ..
HAPPY TRADING. !!