Sell below: 7045 only on 15 minute candle closure below the level. Target 1: 6930 Target 2: 6750
#Resistance: 7204
Buy Above: 7204 only on 15 minute candle closure Above the level. Target 1: 7300 Target 2: 7460
=> # Remember each level will act as a support and resistance individually so there is a probability of reversal and a pullback on either side so its better to make an habit to book profits at each targets and re-enter again after a breakout from the same with a proper stoploss as per your own risk appetite.
=> # Please do your own research before initiating any trade. Always use stoploss in order to protect your capital.
=> #If you are Unable to trade properly and dissatisfied with your manual trading results due to psychological disadvantages or busy schedule or "Fear & Greed" emotions, then Algorithmic trading can be the most useful solution to overcome such problems. Kindly follow us and join us using details mentioned below the idea.
=> # Please refer our swing based support and resistance indicator if you find it useful give it a like.
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#Disclaimer: This is just a view and published here only for educational purpose, this should not be considered as a buy or sell signal. Trading in stock market may involve financial risk therefore, do your own research before taking any position.
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Breakdown from the support and we all can now witness a huge downward momentum exactly from the given support level, Just the way it was planned !!
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price touched exactly at the marked level of target 1 and bounced back. read idea description for better understanding, its clearly mentioned that each target can also act as a support or resistance. In this case Target 1 acted as a support, just the way it was planned !
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crude 7237 is acting as a major resistance as of now as price rejected for more than once exactly from the level,
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for further upward rally, price need to breakout and sustain above 7237
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focus now !
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Breakout- Retest and ready for further rally !!
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target 1 on upside achieved after breakout from the recent resistance as described in the previous snapshot of this idea.