Nifty - Weekly review Dec 8 to Dec 12

3일 전

We can see two types of channels in the chart. Channel resistance and double top resistance is at the 26200 - 26220 zone. 26320 is another resistance. Since we can see 2 resistances nearby, and if the price is unable to gain strength, this zone can be choppy. As long as the price is above 26000, it is buy on dips unless the price falls with strong bearish strength.
Friday's movement was bullish as per the daily chart.

Buy above 26100 with the stop loss of 26050 for the targets 26140, 26180, 26240, 26300, 26360, 26420 and 26480.
Sell below 25900 with the stop loss of 25960 for the targets 25860, 25820, 25760, 25700, 25660, and 25600.
Always do your analysis before taking any trade.

그저께

노트

Channel's lower trend line is getting tested.