Last 3 weeks or so we saw the Importance of mid channel line in parallel channel tool. Thrice Mid channel line supported the Nifty and Nifty bounced from there. When a support is taken multiple times mostly it becomes weak. This led to fall of Nifty below Mid channel line. Once the price is below the line which was a support. The line becomes a resistance. Mid channel line is now a resistance and the same line is stopping Nifty from going ahead since couple of sessions. It was an important lesson hence explaining at depth.
Nifty Resistance remain at: 18624, 18678, 18722 and 18778.
Nifty Supports present at: 18555, 18512, 18465, 18402 and finally 18371.
Nifty Resistance remain at: 18624, 18678, 18722 and 18778.
Nifty Supports present at: 18555, 18512, 18465, 18402 and finally 18371.
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Publications connexes
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.