Hello everyone👏
It's again a new week's starting.. Multi time frame analysis..
Please hit 👊the like button & boost my post to spread the knowledge📚 😉
On Thursday it's a bumper monthly expiry for Nifty 50.. Again touch 22500 levels & closed around 22330..
Monthly tf
*** bullish candlestick, rsi in bullish territory, uptrend, & momentum positive
Weekly tf
*** price reversed after hitting low in last week 21700 & closed above all MA's strong reversal, rsi inclined, price facing resistance of 22550 if nifty successfully closed above 22550 then again strong upside rally can be seen.
In daily tf
*** rsi inclined, bullish momentum & candlestick, currently support 22272 & 22209..below that 200 pts range.. Till 22030 .. Resistance 22417 & 22516 & ATH..???
As per the chart in hourly tf price break trendline & again downfall.. Plus closing positive candlestick.. Suggest again upside momentum..
Levels for intraday
Support - 22280 : 22243 : 22171 : 22135 : 22078 & 22027 ..22k below again downside open (if 22k didn't hold)
Resistance - 22347 : 22380 : 22419 : 22460 : 22510 & again ATH..
All information & levels given are only for educational purposes. No buy / sell recommendations.. DYOA & make decisions.
Thank you🙏
Some key events in next week
Auto sales
RBI policy related to interest rate
Have a profitable week.. ☺
It's again a new week's starting.. Multi time frame analysis..
Please hit 👊the like button & boost my post to spread the knowledge📚 😉
On Thursday it's a bumper monthly expiry for Nifty 50.. Again touch 22500 levels & closed around 22330..
Monthly tf
*** bullish candlestick, rsi in bullish territory, uptrend, & momentum positive
Weekly tf
*** price reversed after hitting low in last week 21700 & closed above all MA's strong reversal, rsi inclined, price facing resistance of 22550 if nifty successfully closed above 22550 then again strong upside rally can be seen.
In daily tf
*** rsi inclined, bullish momentum & candlestick, currently support 22272 & 22209..below that 200 pts range.. Till 22030 .. Resistance 22417 & 22516 & ATH..???
As per the chart in hourly tf price break trendline & again downfall.. Plus closing positive candlestick.. Suggest again upside momentum..
Levels for intraday
Support - 22280 : 22243 : 22171 : 22135 : 22078 & 22027 ..22k below again downside open (if 22k didn't hold)
Resistance - 22347 : 22380 : 22419 : 22460 : 22510 & again ATH..
All information & levels given are only for educational purposes. No buy / sell recommendations.. DYOA & make decisions.
Thank you🙏
Some key events in next week
Auto sales
RBI policy related to interest rate
Have a profitable week.. ☺