Finnifty Support and Resistance levesl
Finnifty rallied nicely after breakout of 23k and 23200 area now at minor resistance on higher timeframe.
Immeadiate Resistance is 23750 area
Immeadiate Support is 23660 area
wait for confimation on those levels, there is a trendline also any voilation of it and makes higher low thats a confirmation to short it.
Finnifty rallied nicely after breakout of 23k and 23200 area now at minor resistance on higher timeframe.
Immeadiate Resistance is 23750 area
Immeadiate Support is 23660 area
wait for confimation on those levels, there is a trendline also any voilation of it and makes higher low thats a confirmation to short it.
Nota
taking support on trendline rejected on resistance only breakout of resistance or breakdown of trendline can give good move otherwise premium eating dayNota
Resistance breakout two and half targets acheived above. Trendline support borke if someone shorted this support breakdown would have been stoped out or exited BE , thats how we manage risk.Nota
Sep 4th S&R levels
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