NIFTY LEAPING FROM SUPPORT
Updated
Hello mates sharing daily chart of NIFTY for that it seems that it is leaping (bouncing) form present support zones which presently I am mentioning as support zone earlier it was a resistance zone so we can say this is somehow an example of support and resistance (Demand & Supply zone) RSI indicator is started giving some reversals or retracement signs so we can identify as a bounce from identical support zone according to the price action one more thing identified is that it takes support on it's 200 ema (200 days exponential moving average) which is pointing out too near it's price action support so we are taking a trade on the combination of supports here in this trade.
Cause Of Long-:
1- Bounce From Support
2- Rsi indicator giving signs of reversals
3- 200 EMA support
Stop Loss (main and important point)-:
NOTE-: This is not and trade or investment advice. This idea is meant for learning only. Invest your capital at your own risk
EARLIER PUBLISHED CHART OF NIFTY BASED ON RSI INDICATOR
EARLIER PUBLISHED CHART OF NIFTY BASED ON EMA
Cause Of Long-:
1- Bounce From Support
2- Rsi indicator giving signs of reversals
3- 200 EMA support
Stop Loss (main and important point)-:
NOTE-: This is not and trade or investment advice. This idea is meant for learning only. Invest your capital at your own risk
EARLIER PUBLISHED CHART OF NIFTY BASED ON RSI INDICATOR
EARLIER PUBLISHED CHART OF NIFTY BASED ON EMA
Trade active
HEADING TOWARDS TARGET
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