MAKE HIGH 22571 7/3/2025
Analysis of Nifty 50 Chart (Short-term, Medium-term, Long-term View)
Key Observations:
Trendline & Price Action:
The chart shows a downtrend, indicated by the descending trendline.
The price has recently touched a support level at 22,107.50.
If the support holds, there may be a bounce-back towards resistance levels.
Support & Resistance Levels:
Support Levels:
22,107.50 (Key short-term support)
22,000 (Psychological level, possible strong support)
Resistance Levels:
22,223.90 (Immediate resistance)
22,253.35 (Medium-term resistance)
22,296.20 (Major resistance)
Indicators (RSI Analysis):
RSI (Relative Strength Index) is around 40, indicating a weak momentum.
If RSI goes below 30, it signals an oversold condition, increasing the chances of a reversal.
Short-term View (Intraday to 1 Week)
Trend: Bearish (until support is broken or price moves above resistance)
Strategy:
Buy near support (22,107.50) with stop loss at 22,050
Target: 22,223.90 (Resistance)
Sell below 22,107.50, targeting 22,000
Stop Loss: Below 22,050 for long positions, above 22,253 for short positions.
Medium-term View (1 Week to 1 Month)
Trend: Neutral to Bearish
Strategy:
If the index breaks below 22,107.50, expect a drop towards 22,000 and possibly lower.
If it breaks above 22,223.90, a rally towards 22,296.20 is likely.
Target:
Bullish case: 22,296.20
Bearish case: 22,000 or lower
Long-term View (1 Month & Beyond)
Trend: Unclear, but needs confirmation of reversal
Strategy:
Sustained movement above 22,296.20 can indicate a reversal towards 22,500+
If the market continues lower, the next major downside support would be around 21,800-21,900.
Target:
Upside: 22,500+
Downside: 21,800
Conclusion:
Short-term traders should focus on support and resistance levels for quick trades.
Medium-term traders should wait for a breakout confirmation above 22,223.90 or below 22,107.50.
Long-term investors should watch for a trend reversal signal, particularly if Nifty 50 crosses 22,296.20.
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