Important Levels for 25/08/2022.
Just like yesterday we saw buying that too with volumes pot 3pm and it being inside our old seller zone was wisely avoided.
If we open flat and cross 38204, we can take positions for longs as the next seller reference zone at 39460-39688 as final targets. SL for this trade can be kept at 39120.
Any gap down open and we can look to take longs at 38940 with SL of 60-70 points for targets of 39145 and 39200 as targets.
Shorts can be taken if we see rejection between 39145-39205 with 38940 as target or if we see a big gap down and price going below 38784 for targets of 38580,38470 and 38310.
Strictly no fresh trades between 38780-38940 (NO TRADING ZONE).
Just like yesterday we saw buying that too with volumes pot 3pm and it being inside our old seller zone was wisely avoided.
If we open flat and cross 38204, we can take positions for longs as the next seller reference zone at 39460-39688 as final targets. SL for this trade can be kept at 39120.
Any gap down open and we can look to take longs at 38940 with SL of 60-70 points for targets of 39145 and 39200 as targets.
Shorts can be taken if we see rejection between 39145-39205 with 38940 as target or if we see a big gap down and price going below 38784 for targets of 38580,38470 and 38310.
Strictly no fresh trades between 38780-38940 (NO TRADING ZONE).