Hello Traders, Following are my analysis: Resistance Level : 1. Good Resistance Zone exists at 35700-800. 2. Strongest Resistance at 36000 . 3. Strong Resistance at 35700 * Increasing resistance above 36000.
Support Level : 1. 35500 is Strongest Support Level . 2. 35000 is a Strong Support. 3. 35200-500 is Good Support Zone .
No Trade Zone : 35600-35700
Sideways Possibility: More Sideways above 35500 to 35800 , if market sustains below 35800
* Imp Point: If 35500 level is broken then we can see the Gap filling and bounce back from Support Trend Line.
This is not Buy and Sell recommendation to any one. This is for education purpose and a helping hand to learn trading in Market.
I hope you all like my analysis. Please do share your thoughts into comment section. Please give a like, it motivates me to do analysis and do share with your friends as well.
Spotted a bearish engulfing @ 11.15 in 30 mins chart for BN and a Doji after that. Can we place short trade if the price cross below the Doji low that is ~ 35600 ?
We may even see the Gap filling, if it breaks 35400 level.
I hope you do watch my video analysis as well ... Keep learning and sharing.
Thank you.
kvsaheed
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@kiranrshinde, WOW that's a perfect reversal from 35500. Made some money today :)
kiranrshinde
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@kvsaheed,
Very good ... Happy for you .. Keep it up and Salute for your Patience that you have shown while taking trade at Reversal ...
Keep Sharing such experience so that others will also learn from you.
If Possible please describe the exact trade that you have taken ... at what time, time frame used, any set up ...
kvsaheed
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@kiranrshinde, Placed order for 35500 CE above the doji/hammer (30 min chart) @ 175. Exit trade when BN touch yesterday's high