Long

NIFTY--Liquidity @24600

A lot of liquidity level is lies above the 24600 levels,
we have a Left shoulder and right shoulder on bottom we find double bottom Take care here before going for short side, after liquidity grab then continue to downside may happen.
Its not a complete sign of reversal for upside. Keep safe Manipulation levels.

Note

If Consolidation Happens between shoulders and double bottom then only continuation is seen.

Note

The Good area for sell side continuation is at 24700-24900 area, keep safe here before going long from this area. Continuation Downside is possible up to 23200 levels.

Note

A Profit booking level is lies near at 24380-24400 range, This is the area price may push down further, Manipulation area. Price consolidation to moving upwards, so be careful in this place.
If price again breaks this level and consolidation above this level leads to breakout up to 24900 levels.
we will again look for buying below the support area.

Note

Nifty at important zone of support....price will take u turn from here.
wait for exhaustion of sellers.....
Again price turns to bullish from here.
we have a chance of price to break above the 25000 levels. safe from here

Note

price confirms bullish again, a better place to look for buy again after taking the liquidity below 24500 levels.
This step is crucial for long side above 25000.

4 days ago

Note

price taken the liquidity below 24500 levels, wait here for actual move...
if price consolidates between 24600-24700 levels we will see a breakout above the 24800 levels upto the 25100 -25150 levels.

IIT-Trader

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