Is this the end of the fall or its just a retracement. The market after a while has given some hope of a green week.
It is a retest or a base formation no body knows. Nifty is trading around 22550 levels and looks somewhat positive for the coming week.
Market is still in the down trend and bullish trend will only be confirmed once a 'W' pattern is formed on higher time frame or a break out is done.
On the hourly charts, market remained in a range for the last trading session, the sideways market can continue as it may form a base and trend reverses from here.
In case the market remains in the trend lower levels of 21800-850 might be coming. Else market may start travelling on the higher side hitting the resistance levels.
Major support levels :- 22310-360, 22050-090
Resistance levls :- 21620, 21760
A gap filling trade on the higher side can be seen in the coming week as a gap is pending.
Watch for the price action and trade accordingly. A sideway or volatile market is more probable as the market has been trading in a trend.
It is a retest or a base formation no body knows. Nifty is trading around 22550 levels and looks somewhat positive for the coming week.
Market is still in the down trend and bullish trend will only be confirmed once a 'W' pattern is formed on higher time frame or a break out is done.
On the hourly charts, market remained in a range for the last trading session, the sideways market can continue as it may form a base and trend reverses from here.
In case the market remains in the trend lower levels of 21800-850 might be coming. Else market may start travelling on the higher side hitting the resistance levels.
Major support levels :- 22310-360, 22050-090
Resistance levls :- 21620, 21760
A gap filling trade on the higher side can be seen in the coming week as a gap is pending.
Watch for the price action and trade accordingly. A sideway or volatile market is more probable as the market has been trading in a trend.
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המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.
פרסומים קשורים
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.