FIRST TARGET DONE IT MAKE HIGH 22633 7/3/2025
Based on the provided chart of the Nifty 50 Index on a 1-minute timeframe, here’s a detailed analysis of support, resistance, target, stop-loss, and technical view:
Support & Resistance Levels
Resistance Levels:
22,553.30 – Strong resistance; price tested but struggled to break above.
22,527.85 – Intermediate resistance.
22,489.95 – A minor support level that could act as resistance if the price drops.
Support Levels:
22,417.50 – First major support below the current price.
22,349.60 – Another strong support level.
22,248.10 – Deeper support zone; potential reversal point if price falls significantly.
Technical View & Indicators
Trend Analysis:
The price is in an uptrend, forming higher highs and higher lows.
The price is testing resistance near 22,553; a breakout above could trigger an upward move.
Volume Analysis:
The volume is slightly higher near resistance, indicating strong participation.
If a breakout occurs with increased volume, a further bullish move is expected.
RSI (Relative Strength Index):
The RSI is near 50-55, indicating neutral to slightly overbought conditions.
A drop below 50 could signal weakness, while a rise above 60-70 would confirm bullish momentum.
Trendlines & Channels:
The red trendlines show an ascending channel, with resistance at the upper trendline and support at the lower trendline.
If the price holds above the middle line, the uptrend remains intact.
Trade Setup (Target & Stop-loss)
Bullish Scenario (Long Trade)
Entry: If the price breaks above 22,553 with strong volume.
Target: 22,600 – 22,650 (next psychological resistance).
Stop-loss: Below 22,527 (previous resistance now acting as support).
Bearish Scenario (Short Trade)
Entry: If the price fails at 22,553 and starts dropping.
Target: 22,489 – 22,417 (key support zones).
Stop-loss: Above 22,560 (recent high).
Conclusion
Bullish Bias: If price holds above 22,527 and breaks 22,553.
Bearish Bias: If price rejects 22,553 and falls below 22,527.
Key Levels to Watch: 22,553 (Breakout level) and 22,527 (Support zone).
TOMORROW VIEW :-
For tomorrow’s trading session on Nifty 50, let's analyze the expected market movement based on support, resistance, and technical indicators.
📊 Tomorrow's Market View (March 7, 2025)
🔹 Bullish View (If Market Holds Above 22,527)
If Nifty sustains above 22,527, we can expect a bullish breakout.
A move above 22,553 can trigger upside momentum.
Targets:
First target: 22,600
Second target: 22,650
Third target: 22,700 (if strong momentum continues)
Stop-loss: Below 22,500 to protect from reversals.
🔻 Bearish View (If Market Falls Below 22,527)
If Nifty fails to sustain 22,527, selling pressure may increase.
A drop below 22,489 will confirm weakness.
Targets:
First target: 22,417
Second target: 22,350
Third target: 22,250 (if heavy selling occurs)
Stop-loss: Above 22,560 to avoid false breakdowns.
📈 Technical Indicators Analysis
✅ Trend: Currently in an uptrend, but resistance at 22,553 is crucial.
✅ RSI: Around 50-55, indicating a neutral zone; a move above 60 could confirm strength.
✅ Volume: Needs a spike for confirmation of a breakout.
📌 Conclusion:
Above 22,553 → Bullish Bias → Targets 22,600 – 22,650
Below 22,527 → Bearish Bias → Targets 22,417 – 22,350
Watch 22,553 & 22,527 for market direction confirmation.
No comments:
Post a Comment