Important Levels for 09/09/2022.
And we finally break out of the range just by small margins.
For tomorrow, any dips till 40278-40308 can be bought with a small SL of 50-60 points and we can look for a good trend continuation. The targets to look shall be 40900 and with the next seller reference area at 41152-41403, we can book good points.
If we open with a gap up, we need to wait for first 15 mins and then seeing the VA, we can execute longs.
On the downside, if we sustain below 40280, we can take shorts with reduced quantity for targets of 40100. SL will be 40330 we need to be aggressive in trailing the SL.
And we finally break out of the range just by small margins.
For tomorrow, any dips till 40278-40308 can be bought with a small SL of 50-60 points and we can look for a good trend continuation. The targets to look shall be 40900 and with the next seller reference area at 41152-41403, we can book good points.
If we open with a gap up, we need to wait for first 15 mins and then seeing the VA, we can execute longs.
On the downside, if we sustain below 40280, we can take shorts with reduced quantity for targets of 40100. SL will be 40330 we need to be aggressive in trailing the SL.
Trade active:
Shorting at 40550
Target: 40400
SL: 40600
Target: 40400
SL: 40600
Trade active:
Low made: 40461
Now TSL at cost
Now TSL at cost
Trade closed: target reached:
Booked all 1:3 trade