NIFTY FINANCE VIEW

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Nifty Financial Services Index (NSE:CNXFINANCE)

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NSE:CNXFINANCE Nifty Financial Services Index

Hello friends I am sharing the View on Nifty Fin Service on Hourly time frame chart with the expectation of uptrend is resumed in this Index as you can see after the recent swing low of 17260 levels it goes up to recent swing highs of 17967 levels and came down and currently trading in a Ascending channel formed on hourly chart with higher lows which is indicating that uptrend is resumed with taking support from lower trendline and resistance from upper trendline of that ascending channel so my view on this is that It will trade likewise in this channel and will reach to another channel which I draw on this chart as mentioned Gap area channel started from 18100 and ends to 18250 and can do consolidation in gap area channel before filling it so between 18100 to 18250 zones will be our first target zones and if it will able to break that gap area zone then final Target will be 18470 zone which was the recent top from where it started falling in this execution we will take a stop loss of below hourly close of 17555 which is the highest low of candle it made in ascending channel.

NOTE-: This is not and trade or investment advice. This idea is meant for learning only. Invest your capital at your own risk

𝐑𝐞𝐠𝐚𝐫𝐝𝐬-: 𝐀𝐦𝐢𝐭 𝐑𝐚𝐣𝐚𝐧

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