Important Levels for 24-12-2021.
The bulls wanted to stay in control but did not have the strength and eventually the bears came in and we saw a close almost at day's low.
If we open flat and see price sustaining above 35150, we can take longs at 35180, with SL of 35130 for targets of 35260,35350 and 35450. but if we see price falling and sustaining below 35030, we can take shorts with SL of 35100 and aim for targets of 34900,34780 & 34700.
If we see a gap up opening, we can wait for price action to develop and then take positions accordingly as per levels marked.
The bulls wanted to stay in control but did not have the strength and eventually the bears came in and we saw a close almost at day's low.
If we open flat and see price sustaining above 35150, we can take longs at 35180, with SL of 35130 for targets of 35260,35350 and 35450. but if we see price falling and sustaining below 35030, we can take shorts with SL of 35100 and aim for targets of 34900,34780 & 34700.
If we see a gap up opening, we can wait for price action to develop and then take positions accordingly as per levels marked.
Trade closed: target reached:
TRADE1: 35030-34780 T2 REACHED