Price had a good bearish momentum today and now it is at double bottom support. Support should hold and price have to break the trend line to change from bearish to bullish.
Important support zone is 20280 - 20340.
Buy above 20340 with the stop loss of 20280 for the targets 20400, 20460, 20520 and 20560.
Sell below 20240 with the stop loss of 20300 for the targets 20200, 20160 and 20080.
Analysis is based on the assumption that price will decide the trend direction at the zone 20280 - 20340.
Check the live market updates.
Hit the like button to Rock !! Show some energy !!
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.
Important support zone is 20280 - 20340.
Buy above 20340 with the stop loss of 20280 for the targets 20400, 20460, 20520 and 20560.
Sell below 20240 with the stop loss of 20300 for the targets 20200, 20160 and 20080.
Analysis is based on the assumption that price will decide the trend direction at the zone 20280 - 20340.
Check the live market updates.
Hit the like button to Rock !! Show some energy !!
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.
Comment:
Moving in a narrow range.
Trade active:
Long.
Comment:
T2 done.