CNXFINANCE Index is below the 26000 - 26200 resistance zone which will act as resistance in the near terms and downside risk is expected as long as index is below this resistance zone.
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 25700 – 25650 support range and if this support too is broken then index may tank near 25400 – 25350 range.
Trade closed: target reached
Gap down opening with high near 25905 and further tank to low near 25690 with close near 25695.
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.