Sell below: 19145 only on 15 minute candle closure below the level. Target 1: 19100 Target 2: 19020
#Resistance: 19233
Buy Above: 19233 only on 15 minute candle closure Above the level. Target 1: 19285 Target 2: 19360-19370
=> # Remember each level will act as a support and resistance individually so there is a probability of reversal and a pullback on either side so its better to make an habit to book profits at each targets and re-enter again after a breakout from the same with a proper stoploss as per your own risk appetite.
=> # Please do your own research before initiating any trade. Always use stoploss in order to protect your capital.
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=> # Please refer our swing based support and resistance indicator if you find it useful give it a like.
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#Disclaimer: This is just a view and published here only for educational purpose, this should not be considered as a buy or sell signal. Trading in stock market may involve financial risk therefore, do your own research before taking any position.
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Currently Nifty at 1 min timeframe.
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Target 1 hit, Struggling to break the support, A potential short entry is possible if 1 min candle closes below 19090.
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19090 to 19081
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Currently, Nifty is following the trendline resistance plotted on the chart.
A bullish movement can be expected if nifty manages to break the trendline resistance and gives 5 min candle closing above 19110.
however, If nifty fails to break the trendline resistance...we can expect a further price drop from here, potential short entry is possible on 1 min candle closing below day low.