SGX PREDICTION BASED ON DAILY TRENDLINE

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GIFT NIFTY 50 INDEX FUTURES (NSEIX:NIFTY1!)

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NSEIX:NIFTY1! GIFT NIFTY 50 INDEX FUTURES

trendanalysis chartpattern sgx sgxnifty sgxnifty50futures sgxshort sgxlong sgxniftylive sgxniftychartanalysis

NIFTY1! SGXNIFTY is back to the crucial trendline of daily timeframe which gave us massive falls multiple times in past,

sgx is at weekly/daily/hourly resistance zone and showing rejection from resistance zone currently, if sgx breaks current support of 17499/17480 and sustains below 17740, then we can retest the 17300 levels again.

the yellow zone can hold the sgx for a while and may help it to bounce back a little, if we break the yellow support zone , we will see the next target zone getting achieved soon after breaking of support zone.

FOR UPSIDE/TRENDLINE BREAK SITUATION
we must wait for sgx to break resistance and turn the resistance into strong support, then only we can be sure about more upside ahead. current resistance is 17558/17571.

Commentaire:

sgx nifty breaks the resistance and makes it new support before breaking out of trendline, can expect 17700/17800 levels soon .

Commentaire:

sgx hit 17700 level, 17800 level next target if stays above 17670 on 30 min tf

Trade fermée: cible de profit atteinte

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