Price is inbetween support & resistance. Usually when we see a triangle pattern price consolidation, we expect a break out, some times fail to notice the near by support/resistance.
Support zone is 1400 - 1410. Resistance zone is 1440 - 1450. At what level you have the advantage as a buyer? support zone. At what level you have advantage as a seller? Resistance zone. Can you buy or sell at the support/resistance ? No, after getting the confirmation only we can initiate the trade.
This is the analysis & the trading opportunities will be updated in live market. You can share your trading plan in comment section.
Support zone is 1400 - 1410. Resistance zone is 1440 - 1450. At what level you have the advantage as a buyer? support zone. At what level you have advantage as a seller? Resistance zone. Can you buy or sell at the support/resistance ? No, after getting the confirmation only we can initiate the trade.
This is the analysis & the trading opportunities will be updated in live market. You can share your trading plan in comment section.
Comment:
Price opened above resistance. Sustaining 1458 - 1464 will make the price to move to 1472,1480 & 1488.
Comment:
Infy 1472 done.
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Infy 1480 done.
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Price action moved as per this strategy.
Comment:
1488 done. From here trial for 1494,1498.
Trade closed: target reached:
This is an example for analysis and adapting live market movement with a trading plan with strategy.
Comment:
