LTP 25003
Resistance: 25121
Supports: 24455/23955/21734/21277
Nifty is still in a range of 24455-25121. (MAKE or BREAK ZONE)
Bullish Scenario:
As per my analysis, as long as NIFTY stays above 24455 and a break of 25121, we can see big bull move towards 26734. Immediate target 25700. I expect, soon we can see a breakout.
Targets:
Immediate targets: 25450, 25700
26255
Ultimate targets 1: 26734-27455-(27800)
Ultimate targets 2: 28550-(28850)-29634.
Extensions: 30500-(31200)-31800
Bearish scenario:
On the other side, if nifty resisted by 25121, can retest 24455 and further 24300.
Other targets on the downside can be 23955-855, 23450, 23050, 22755.
Conclusion:
NOTE: As long as 21734 holds support and any reversal from the above bearish targets, we can see big reversal towards ATH.
STILL THE TREND is BULLISH. BUY on DIPS is my VIEW for the coming months/years....
Resistance: 25121
Supports: 24455/23955/21734/21277
Nifty is still in a range of 24455-25121. (MAKE or BREAK ZONE)
Bullish Scenario:
As per my analysis, as long as NIFTY stays above 24455 and a break of 25121, we can see big bull move towards 26734. Immediate target 25700. I expect, soon we can see a breakout.
Targets:
Immediate targets: 25450, 25700
26255
Ultimate targets 1: 26734-27455-(27800)
Ultimate targets 2: 28550-(28850)-29634.
Extensions: 30500-(31200)-31800
Bearish scenario:
On the other side, if nifty resisted by 25121, can retest 24455 and further 24300.
Other targets on the downside can be 23955-855, 23450, 23050, 22755.
Conclusion:
NOTE: As long as 21734 holds support and any reversal from the above bearish targets, we can see big reversal towards ATH.
STILL THE TREND is BULLISH. BUY on DIPS is my VIEW for the coming months/years....
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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.