Nifty || 30th May 2022 || Falcon Trader || Daily Analysis
Gap up to break this level, but then strong resistance ahead can mark a choppy Monday.
Levels to watch:
We have reached reversal area, even though possible price can move up considering positive sentiments, there is strong resistance ahead.
Upside - 16400-16500 levels
Downside - bounce from 16230 levels
[bR]esistance commentary:
16500 level is a strong resistance area followed by 16600 form 1H Time Frame
This should play for this week.
There is more room to play downwards and this can be a temp test of 16600 levels for the week.
Levels to watch:
We have reached reversal area, even though possible price can move up considering positive sentiments, there is strong resistance ahead.
Upside - 16400-16500 levels
Downside - bounce from 16230 levels
[bR]esistance commentary:
16500 level is a strong resistance area followed by 16600 form 1H Time Frame
This should play for this week.
There is more room to play downwards and this can be a temp test of 16600 levels for the week.
Trade closed: target reached
Target one achieved. Now there will be some pull back. Happy Trading!
Falcon Trader
Trading Courses charts-stocks.com
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Ask for any script Falcon Wave count by DM
Twitter: @Falcon_Trader_1
Trading Courses charts-stocks.com
_________________________________
Ask for any script Falcon Wave count by DM
Twitter: @Falcon_Trader_1
Related publications
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.
Falcon Trader
Trading Courses charts-stocks.com
_________________________________
Ask for any script Falcon Wave count by DM
Twitter: @Falcon_Trader_1
Trading Courses charts-stocks.com
_________________________________
Ask for any script Falcon Wave count by DM
Twitter: @Falcon_Trader_1
Related publications
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.