NIFTY 23,000 as Key Resistance; Breakout Above 23,100 Signals Bullish Momentum
The NIFTY 50 index is currently facing resistance at the 23,000 level. A decisive close above 23,100, accompanied by strong trading volume, would confirm a breakout and signal further upside potential. This move would reinforce bullish sentiment and could lead to continued upward momentum.
Traders should closely monitor volume confirmation to validate the breakout. If sustained, the next potential resistance levels could be 23,500–23,800, while failure to hold above 23,100 may trigger a pullback toward 22,800–22,900.
Disclaimer: This is for demonstration and educational purpose only. this is not buying and selling recommendations. I am not SEBI registered. please consult your financial advisor before taking any trade.
The NIFTY 50 index is currently facing resistance at the 23,000 level. A decisive close above 23,100, accompanied by strong trading volume, would confirm a breakout and signal further upside potential. This move would reinforce bullish sentiment and could lead to continued upward momentum.
Traders should closely monitor volume confirmation to validate the breakout. If sustained, the next potential resistance levels could be 23,500–23,800, while failure to hold above 23,100 may trigger a pullback toward 22,800–22,900.
Disclaimer: This is for demonstration and educational purpose only. this is not buying and selling recommendations. I am not SEBI registered. please consult your financial advisor before taking any trade.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.