Price is moving within the range of 47650 to 48050 for 3 days. Price will gain momentum if it breaks the range with strength. Otherwise we will get one more range day. Trend deciding level is 48000. Pattern : Support/Resistance. Range : Medium. Trend strength : Normal. Buy Above : 48060. Stop Loss : 47960. Targets : 48120, 48200, 48280, 48360 and 48420. Sell below : 47840. Stop Loss : 47920. Targets : 47760, 47680, 47600 and 47540.
Expected expiry day range is 47400 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.
Trade active
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Long.
Comment
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T1 done.
Trade closed: target reached
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Short entry also got triggered and had a nice fall.