Nifty Analysis for the Upcoming Week (Sep 30th to Oct 4th)
Обновлено
Nifty Analysis for the Upcoming Week
As long as the Nifty remains above the 26,000 mark, the overall structure remains bullish. Should this level be violated, we may see a pullback to the 25,800 area, which is a favorable zone for potential long entries, particularly with confirmation from price action.
On the 15-minute chart, the index is currently testing trendline support. If this support breaks, we could see a quick test of immediate support below 26,000.
**Immediate Resistance Levels:**
- 26,200: A sustained move above this level could target 26,250,26,275 and 26,300.
**Immediate Support Levels:**
- 26,150: If the index holds above this, we can expect bullish momentum. However, a drop below could lead us to targets of 26,100, 26,050, and potentially down to 26,000.(25800).
For any further declines below 25800, it will be essential to reassess market conditions.
In this bullish structure, adopting a "buy on dips" strategy or looking for reversal patterns at support areas is advisable. Identify key resistance levels on the chart and wait for rejection signals to engage in trades towards the support zones below.
Education Purpose only do you analysis before taking entries.
Happy Trading !!!
As long as the Nifty remains above the 26,000 mark, the overall structure remains bullish. Should this level be violated, we may see a pullback to the 25,800 area, which is a favorable zone for potential long entries, particularly with confirmation from price action.
On the 15-minute chart, the index is currently testing trendline support. If this support breaks, we could see a quick test of immediate support below 26,000.
**Immediate Resistance Levels:**
- 26,200: A sustained move above this level could target 26,250,26,275 and 26,300.
**Immediate Support Levels:**
- 26,150: If the index holds above this, we can expect bullish momentum. However, a drop below could lead us to targets of 26,100, 26,050, and potentially down to 26,000.(25800).
For any further declines below 25800, it will be essential to reassess market conditions.
In this bullish structure, adopting a "buy on dips" strategy or looking for reversal patterns at support areas is advisable. Identify key resistance levels on the chart and wait for rejection signals to engage in trades towards the support zones below.
Education Purpose only do you analysis before taking entries.
Happy Trading !!!
Заметка
26k Voilated may test 25850 to 25800 area below
Заметка
25850 acheived
Заметка
25800 aslo acheived
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until below 25900 nifty still bearish to sideways for today 1st Oct only above 25900 sustains it may go test 26k again otherwise it will end up sideways allday between 25900 and 25800 area.
Заметка
25800 voilated below support marked may test
Сделка активна
Сделка активна
Trailing
Заметка
70 points gain so far
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For october 3rd 25680 is immeadiate support and then 25600 area below two are most important supports to look for , immeadiate reisstance will be 25800 now on .
Заметка
5 Mins time frame chart for reference , for more details on the chart check on my profile description
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25600 is new resistance now below 25300 can test comming days if not today.
Заметка
25340 acheived it will go down moreseems , it can test dailytime frame trend line below , if you go up and see the idea start of the week i posted it broke 15 mins and 1 hr trendline support now heading for daily time frame trendline.
Заметка
25300 acheivedСделка закрыта: достигнута тейк-профит цена
Acheived all targets with trendline menitoned above
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