#NIFTY
1. Monthly TF:
• Although the structure in monthly TF is of HH-HL we need to wait for the December monthly close to see if there are any candlestick pattern formation.
• 17800-18000 looks like a strong support.
1. Monthly TF:
• Although the structure in monthly TF is of HH-HL we need to wait for the December monthly close to see if there are any candlestick pattern formation.
• 17800-18000 looks like a strong support.
#NIFTY
2. Weekly TF:
• 17800- 18100 used to be a resistance is April & August 2022.
• However post BO of those levels, they might act as an immediate support.
• Current weekly candle is closer to the support (erstwhile resistance)
2. Weekly TF:
• 17800- 18100 used to be a resistance is April & August 2022.
• However post BO of those levels, they might act as an immediate support.
• Current weekly candle is closer to the support (erstwhile resistance)
#NIFTY
3. Daily TF:
• After a sharp vertical fall, we expected a buying momentum
• Also Nifty filled the Gap.
• Strong support at 17800-18000.
3. Daily TF:
• After a sharp vertical fall, we expected a buying momentum
• Also Nifty filled the Gap.
• Strong support at 17800-18000.
I regularly share weekly outlook on indices (NIFTY & BANKNIFTY) and many more threads on trading & finance.
If you enjoyed this, then do check out the outlook for #BANKNIFTY by clicking here:
If you enjoyed this, then do check out the outlook for #BANKNIFTY by clicking here:
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