WavesandZones

Analysis for Nifty Swing Position

Long
NSE:NIFTY   Indice NIFTY 50

We have a Fresh 3H Demand which is the Source of the Uptrend till the Destination Fresh Weekly Supply.
Further in lower timeframe we will check for a confirmation


We see how the price has been moving making new lows ands new Highs until it reaches the 3H Demand and after reacting to the 3H Demand we see that Price has violated its previous high and now we also have a fresh Demand in 1H chart.

This 1H Demand is the Potential Trade Demand with an Amazing Reward to Risk Ratio.


But the Price where it reaches the Weekly Supply we are looking for a big downward move from this Weekly Supply hence make sure to exit on time.
Clause de non-responsabilité

Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.