CNXFINANCE Index is near support and if it is broken then the moment in the 25500 - 25400 range is expected. Index is expected to be in the 25500 - 26000 range in the near term.
The upward movement may lead the Index to 25950 - 26000 resistance range and if the index crosses and sustains above this level then may reach near 26250 - 26300 range.
On the contrary, The downward moment may drag the to 25450 – 25400 support range and if this support too is broken then index may tank near 25150 – 25100 range.
Trade closed: target reached
Gap down opening and recovered to high near 25590 than tank again to close near low 25375.
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.