Two Critical Points. By Analyzing Nifty 50 Chart on 09-04-2021
1) Wide Demand Zone , But Weak Support Area . 14263 - 14517
If Price breaks any of the nearest Trend Line / Supply Zones In Days Closing
Then, It is expected The price will fall to this support Area .
(Price broke 14829 on 09/04/2021, Price may trend down after retest)
2) Strong Supply Zone , And Strong Resistance.14829 - 14881
(The Retest Done on 09/04/2021, Downtrend Pennant is formed)
****A Target of 14735 Can be achieved on 12/04/2021*******
Disclaimer : All Views are Personal And Educational Purpose Only.
You are exclusively responsible for your Profits and Losses.
Use the Ideas with your own Risk.
1) Wide Demand Zone , But Weak Support Area . 14263 - 14517
If Price breaks any of the nearest Trend Line / Supply Zones In Days Closing
Then, It is expected The price will fall to this support Area .
(Price broke 14829 on 09/04/2021, Price may trend down after retest)
2) Strong Supply Zone , And Strong Resistance.14829 - 14881
(The Retest Done on 09/04/2021, Downtrend Pennant is formed)
****A Target of 14735 Can be achieved on 12/04/2021*******
Disclaimer : All Views are Personal And Educational Purpose Only.
You are exclusively responsible for your Profits and Losses.
Use the Ideas with your own Risk.