• LOGIN
  • No products in the cart.

NIFTY Price Action Analysis : Watch out 7920 major support level

In our last posts, we talked about a range breakout trade possibility & currently we see price successfully reaching our target level of 7920 after breaking out of the range as discussed. 7715 is seen as next level of major support which will be used as a target level for nifty in case we find price falling & trading below currently held support level of 7920.In case we find a retracement happening in price action, then we see 8070 is a good level of strong flip resistance to find selling opportunities to join back the ongoing downtrend. So, Wait for a breakout trade opportunity below 7920 level or a pullback trade opportunity if price hits 8070.

(Checkout FREE FUNDAMENTAL VIDEO COURSE contents to understand PRICE ACTION ANALYSIS done here ) 

                                     AVAIL 20% OFF in Our ADVANCE TRADING COURSE till 31st Dec-2016

27-12-2016

SUMMARY : READ price momentum context – RECOGNIZE the pattern going on – TRADE the pattern till it ends and to learn it all join me in my ADVANCE TRADING COURSE & trade with me real-time using higher & lower timeframe charts.

PLS NOTE : All chart analysis posted above are the author’s own idea of trading for educational purpose only &  not any form of advice or recommendations or opinion to anyone

0 responses on "NIFTY Price Action Analysis : Watch out 7920 major support level"

Leave a Message

top
Copyright @ financialhubindia.com