Nifty Tradesetup for 16-08-2023
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Nifty important Intraday levels to watch are as follows
#Support: 19400
Sell below:19400 only on 15 minute candle closure below the level.
Target 1: 19350
Target 2: 19287
Target 3: 19210
#Resistance: 19480
Buy Above: 19480 only on 15 minute candle closure Above the level.
Target 1: 19560
Target 2: 19640
#Demand Zone: 19290-19310 may act as a immediate buying zone, and price may bounce from the region marked in green on the chart.
#Supply Zone: 19455-19480 may act as an immediate selling zone, and price may reject from the region marked in red on the chart.
#Remember each level will act as a support and resistance individually so there is a probability of reversal on either side. Please do your own research before initiating any trade. Always keep stoploss in order to protect your capital.
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#Support: 19400
Sell below:19400 only on 15 minute candle closure below the level.
Target 1: 19350
Target 2: 19287
Target 3: 19210
#Resistance: 19480
Buy Above: 19480 only on 15 minute candle closure Above the level.
Target 1: 19560
Target 2: 19640
#Demand Zone: 19290-19310 may act as a immediate buying zone, and price may bounce from the region marked in green on the chart.
#Supply Zone: 19455-19480 may act as an immediate selling zone, and price may reject from the region marked in red on the chart.
#Remember each level will act as a support and resistance individually so there is a probability of reversal on either side. Please do your own research before initiating any trade. Always keep stoploss in order to protect your capital.
Follow us for more such information and educational ideas. Give it a like if you appreciate the idea. Queries will be answered in comment section.
Ghi chú
formation of rising wedge pattern is undergoing, breakdown from this may drag nifty towards day low.
Ghi chú
pattern negated. No entry confirmation.
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