CNXFINANCE Index has support in the 26000 - 25950 range and reversal from this range is expected as long as the support range is not broken.
The upward movement may lead the Index to 26250 - 26300 resistance range and if the index crosses and sustains above this level then may reach near 26550 - 26600 range.
On the contrary, The downward moment may drag the to 25750 – 25700 support range and if this support too is broken then index may tank near 25450 – 25400 range.
Trade closed: target reached
Gap up opening and made high near 26280 then drag to low near 26160 with close near 26205.
Disclaimer: Above discussion is not a Buy or Sell recommendation. This is only for educational purpose.
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Disclaimer: Above discussion is not a Buy or Sell recommendation. This is only for educational purpose.
Request for follow on X @rkmaurya_ra
Survey: Help us shape better advisory & learning services forms.gle/KdZGVk727dX4Ummc6
Request for follow on X @rkmaurya_ra
Survey: Help us shape better advisory & learning services forms.gle/KdZGVk727dX4Ummc6
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.