August 21-222 for a potential market trend Shift: Harshudh Mahesh Shah

Eventually, its six -week defeat in the Indian market was broken and closed in green, with the Nifty 50 14 August gust increased by more than 1% for the week ended.

Last week, we highlighted the potential trend shift at 12 august gust as a date of viewing – and the market played exactly in line. That day, the index registered its weekly high, then a sharp damage move, making it the main session for the traders of the status quo.

Action level

The precision of our highlighted layer appeared once again on the charts:

24,380 support worked effectively, the low composition of the week is 24,348.

24,650 zones 12, 13, and 14 acts like a magnet, whose cost is often revolving around it, which confirms its importance of the week.

The accuracy of the cluster of time

Intraday Time Clusters also proved their price, providing high -potential turns to traders:

11 Aug Gust (Mon): 9:20 AM Low, 2:50 PM Day High – Both were perfectly matched.

12 Gust 12 (Mars): A swing law is formed at 11:00, though no major reaction was seen at 1:30.

13 Gust 13 (Wed): Take a swing at 12:30 pm, then a strong sidewalk velocity by our estimated 1:30 pm, close to Closter, 2:00 pm.

14 Gust 14 (Jupiter): 10: 20 days a day is exactly aligned with our given time.

Once again, this time shows their precision for the intraday traders in search of high probability entries and exit.

Key Nifty level forward

Traders should focus this zone as an issue of decision:

Support: 24,538 / 24,480 / 24,443 / 24,380 / 24,331 / 24,142

Resistance: 24,670 / 24,808 / 24,850 / 24,978 / 25,083 / 25,322

Seeing the price action around these layers will be crucial to gauge the opposite or confirm the breakout.

High probability time clusters (18-2222 gust)

Mon, 18 Aug Gust: 9:20, 11:00 am, 12:20 pm, 2: 20pm

Mars, 19 Aug Gust: 9:30 AM, 1:45 pm, 2:30 pm

Wed, 20 Aug Gust: 1:30 pm

Goog, 21 Aug Gust: 10:45 AM, 11:30 AM, 2:30 pm

Venus, 22 Aug Gust: 9:25 AM, 10: 20, 11:35 AM, 1:35 pm

Trading Outlook: August 18-22

Standing as a very important dates of August 21-222 next week may be a witness to dynamic motion. Traders should be prepared for the possibility of a meaningful contrast or trend shift around this window.

(Author Director, Wealth View Analytics Pvt. SEBI Registration – Inh000009676)

(Disclaimer: Recommendations, suggestions, opinions, and views given by experts are their own. This does not represent the views of the economic time.)