CNXFINANCE Index is near 26000 - 26200 resistance zone and if crosses and sustains above resistance zone then uptrend is expected to be formed else downtrend is expected to continue if 25700 support is broken.
The upward movement may lead the Index to 26200 - 26250 resistance range and if the index crosses and sustains above this level then may reach near 26500 - 26550 range.
On the contrary, The downward moment may drag the to 25650 – 25600 support range and if this support too is broken then index may tank near 25350 – 25300 range.
Trade closed: target reached
Gap up opening with low 26055 and made high near 26175 then drag to to close near 26050.
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
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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.