Weekly Chart
Resistance and Support levels on falling wedge for the week, are indicated on the chart. Trade on the side of breakout.
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Happy Trading !!
Lakshmi Ramachandran
Monday, February 10, 2025
Saturday, February 1, 2025
Reigning The Nifty 1st February 2025
Monthly Chart
If the price breaks below the bottom of the channel, the dip indicates that more selling could be on the way.
The oscillators, RSI14 and MACD have been moving down from the overbought zone indicating more cooling off necessary in the medium term for a strong fresh move to start.
Weekly Chart
Weekly candle is a bullish engulfing one indicating the bounce may continue. Resistance from the falling wedge is at 23900 which needs to be scaled for the move to continue within the Rising channel which started from 27th March 2022.
Support is at 22750.
follow me on twitter http://twitter.com/#!/lucksr
Happy Trading !!
Lakshmi Ramachandran
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