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NIFTY Weekly Trade Setup 17-Oct-2022 to 21-Oct-2022 | Nifty Prediction and Trade Plan for 3rd Week of October 2022

  • Trend: strongest bullish reversal.
  • Trend Confirmation: price cross above 17348.55.
  • Targets: 17559.77, 17758.89.
  • Trend Failure Condition: price fall below 17161.52.
  • Failure Targets: 17009.39, 16950.30, 16763.27, 16564.14.
  • Breakout Rank: 7.
  • Resting Zone: 17149.43-17173.61 (21%)i
  • Sellers Zone: 17313.65-17348.55
  • Buyers Zone: 16950.30-17009.39
  • Resistances: 17313.65, 17407.64, 17559.77
  • Supports: 17009.39, 16915.40, 16763.27
  • Previous Close: 17185.70 (-128.95)
  • Price Action: breakout / breakdown.

 

Disclaimer: These are only suggestive technical rules that have been found to work well over time in the market. These are not any trading or investing recommendations. We suggest you to take advice from certified experts for trading and investing. Neither PickMyStox nor any of its associates are responsible for any trading or investing loss.

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