NIFTY
Disclaimer: All the mentioned view and analysis is NOT an Investment or any kind for financial advice. These levels are just for educational purpose.
In the past sessions we have seen a Bearish movement in the smaller timeframe although we are in a Bullish trend in the Bigger timeframe and currently, we are trading near an important level which will help to decide whether Nifty is going with the bigger picture (BULLISH) or it wants to continue further bearish movement.
As we know that Technical analysis consists of calculated probability and very subjective which vary from person to person.
In order to make it simple and objective based, I always try to plot both Bullish and Bearish level.
Club these levels with your existing trading style and strategy to get an edge.
I will Update these levels as and when required either in this Idea or in the MINDS section.
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I have updated a trade in the MINDS section .
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Stoploss area updated for the trade mentioned in MINDS.
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Don't hold the trade if price reaches the stoploss area.
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Stoploss area is 19568 to 19573.
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Stop reached.
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Nifty trading at Profit booking area .
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I have posted a revised version of this idea with more clarity. Do check it out.
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Completed it first down target.
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Thats all for the week folks..Comment and share your thoughts for this week.Do subscribe to get the updated level on time as well as to get notified when i post important update in MINDS section.DO give it a boost if you like the analysis it will keep me motivated. Happy weekends.
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