NIFTY 25 APRIL 2025 - (Intraday) - Be careful if closing goes below 23800. We may have a fall next week.
Hello everyone,
Welcome back !!!
As anticipated, it reached a low of about 23840 and then approached 23800, after which there was an almost 100-point rebound. Before the day is over, a number of things are likely to occur.
The significance of the above chart lies in the fact that new shorts cannot be started until the 23800 levels are convincingly broken. The issue here is that a 23800 break might cause a very quick descent. If we observe closure below 23800, there is a real chance of reaching 23400 levels. Justification is shown in the chart above. This is a 38.20% reduction from 24365.
As we move up, we should anticipate really strong resistance in the 24100–24150 level range.
Sincerely, I think this increase might turn out to be a scam. Avoiding any type of investment at these levels is highly advised.
The close today will also be the weekly closing. Check it out for yourself.
this is perfect gravestone doji. I am expecting fall next week.
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