Current Price: 49,064.15 (-0.35%)
Key Levels:
Resistance Zone: 50,400
Support Zone: 48,800
Breakout/Breakdown Levels:
Bullish breakout above 49,200 → Possible move towards 50,400
Bearish breakdown below 48,800 → Target towards 47,993
Trade Setup:
Bullish Scenario:
If price sustains above 49,200, look for buying opportunities with targets at 50,400.
A strong breakout above 50,400 can push the index towards 51,000+.
Bearish Scenario:
If price breaks below 48,800, expect further downside towards 47,993.
Short positions can be taken below 48,800 with SL at 49,200.
Key Levels:
Resistance Zone: 50,400
Support Zone: 48,800
Breakout/Breakdown Levels:
Bullish breakout above 49,200 → Possible move towards 50,400
Bearish breakdown below 48,800 → Target towards 47,993
Trade Setup:
Bullish Scenario:
If price sustains above 49,200, look for buying opportunities with targets at 50,400.
A strong breakout above 50,400 can push the index towards 51,000+.
Bearish Scenario:
If price breaks below 48,800, expect further downside towards 47,993.
Short positions can be taken below 48,800 with SL at 49,200.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.