Hello everyone,
as shown in chart nifty at 24400 retrace 61% from previous swing low at the same there is 200EMA resistance nifty range 24400 and 24000 crucial for upcoming momentum as US iran Ceasefire from last couple of week market bounce aroud 10% from the low 22182 to 24400.
pullback failure and breaking range below 24000 along with any geopolitical conflict may lead to again at lower levels towards 23000,22000,21000.
while sucessfull peacetalk ...ceasefire going to end 22nd april may lead fresh upside momentum for 25000,25500,26000.
view is bearish.
as shown in chart nifty at 24400 retrace 61% from previous swing low at the same there is 200EMA resistance nifty range 24400 and 24000 crucial for upcoming momentum as US iran Ceasefire from last couple of week market bounce aroud 10% from the low 22182 to 24400.
pullback failure and breaking range below 24000 along with any geopolitical conflict may lead to again at lower levels towards 23000,22000,21000.
while sucessfull peacetalk ...ceasefire going to end 22nd april may lead fresh upside momentum for 25000,25500,26000.
view is bearish.
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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.
FinvestAlgo | Multi-broker automation bridge | TV indicators/strategies/screeners + Chartink scanners |Python+Amibroker+MT5 Automations & Developments |Supported 28+ Brokers
DM for access
DM for access
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.