NIFTY LEVELS 30TH NOVEMBER

29 нояб. 2023 г.

Nifty Spot Actionable Idea ---- Hello friends Sharing my intraday Trading idea on Nifty for 27th November with all of you, Hope you like it my Analysis.

After Today's gap up open index able to sustain that gap up and rise more after, and today in whole session traded in a upward channel, so that channel trendlines could also act support and resistance before breaking the mentioned S/R levels in description or chart

#Current Price- 20096

#Resistance Level- 20126

#Support Level- 20055

#Target Levels- 20176 And 20230 we can expect after breakout of Resistance

#Target Levels- 20003 And 19952 we can expect after breakout of Support

#Execution only after break and close above or below from resistance or support 15-minute candle.

#Stop Loss above or below from resistance or support 15-minute candle.

(S/R Levels Will be Flipped in The Situation of Gap up OR Gap down Open, Support Will Turn in Resistance and Resistance Will Turn in Support)

(This Analysis and idea is based only on support and resistance mechanism, Buy after resistance break and close above sell after support break and close below, Closing below resistance after trade will be stop loss likewise closing above support will be a stop loss after trade)

NOTE- Only for Education Purpose. This is not any kind of Trading advice I am giving by this analysis.

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