Though the price managed to stay above 48000, it is still struggling to break and sustain above 48160. HDFC bank result also created an expectation. So, what next?
Pattern : Consolidation.
Range : Medium.
Trend strength : Normal.
Buy Above : 48160.
Stop Loss : 48060.
Targets : 48220, 48300, 48380 and 48480.
Sell below : 47940.
Stop Loss : 48020.
Targets : 47860, 47780, 47700, 47600, 47520.
Expected expiry range is 47600 to 48200.
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Note : This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
You are responsible for whatever you do.
Pattern : Consolidation.
Range : Medium.
Trend strength : Normal.
Buy Above : 48160.
Stop Loss : 48060.
Targets : 48220, 48300, 48380 and 48480.
Sell below : 47940.
Stop Loss : 48020.
Targets : 47860, 47780, 47700, 47600, 47520.
Expected expiry range is 47600 to 48200.
Check the live market updates.
Hit the like button to Rock !! Show some energy !!
Note : This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
You are responsible for whatever you do.
Comment:
Range has formed. 46500 to 47300.
Comment:
Nearing the lower range.
Comment:
At 46000 support zone.