Trend Line Breakout Strategies of Nifty for 23rd July

Welcome to journeyoftrading. This analysis only for Candlestick Patterns, support and resistance, trend lines, and pivot points. These indicators are enough for a trading strategy. This strategy includes proper entry and exit and stoploss with trading psychology.  

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Now we are going to do chart analysis for the Nifty on July 23, 2024. The Nifty Current closing price is 24,515.90. The 24,540 strike price is a strong resistance zone.

If this market breaks this zone, it will go to the 24,600 strike price. 19th July created a downtrend line. If the market opens below 24,480, the strike price will definitely go to a downtrend.

This Support and Resistance, Trend Line, Entry and Exit Levels, Stoploss, and Targets are updated below. The first one is July 23rd, Support and Resistance, Pivot Points Updated.

 The 24,400 Strike price Pivot points,Support and Resistance, Entry & Exit, Targets, Stoploss, Preminum price updated for below.

 The 24,450 Strike price Pivot points,Support and Resistance, Entry & Exit, Targets, Stoploss, Preminum price updated for below.

 The 24,500 Strike price Pivot points,Support and Resistance, Entry & Exit, Targets, Stoploss, Preminum price updated for below.

 The 24,550 Strike price Pivot points,Support and Resistance, Entry & Exit, Targets, Stoploss, Preminum price updated for below.