NIFTY: 17102.55
SGX NIFTY: 16960 (Indicating a gap down opening)
Ascending Triangle Pattern
Resistance Zone: 17380-17420
Upside Targets: 17520, 17595, 17650, 17745-17770
On downside entry on break of trendline
Downside Targets: 16940-16975, 16865-16885 (16865 is 200EMA)
For Swing Traders, spinning top candle high 17322 and low 17070 is very important for trend identification
For Position Traders, 1.618 fib-level(17988) is acting as a crucial resistance level on monthly time frame
Note: Be very careful traders, we are not having enough gaps between our targets
SGX NIFTY: 16960 (Indicating a gap down opening)
Ascending Triangle Pattern
Resistance Zone: 17380-17420
Upside Targets: 17520, 17595, 17650, 17745-17770
On downside entry on break of trendline
Downside Targets: 16940-16975, 16865-16885 (16865 is 200EMA)
For Swing Traders, spinning top candle high 17322 and low 17070 is very important for trend identification
For Position Traders, 1.618 fib-level(17988) is acting as a crucial resistance level on monthly time frame
Note: Be very careful traders, we are not having enough gaps between our targets
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.