Nifty has been consolidating for a couple of last sessions and trying to break the trendline on the upper side. It is a high probability LONG trade setup.
RSI is showing strength as it moves upward, touching level 40 on a 2-hour time frame.
That would be the entry point if it sustains 19445 levels and retests it after breaking out the same.
Levels to watch on the upper side
19680
19768
19900
Levels to watch on the lower side
19385 (Stop out levels)
RSI is showing strength as it moves upward, touching level 40 on a 2-hour time frame.
That would be the entry point if it sustains 19445 levels and retests it after breaking out the same.
Levels to watch on the upper side
19680
19768
19900
Levels to watch on the lower side
19385 (Stop out levels)
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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.