Broke 18000-Psychological level. Short Term Trend is down. Next important Support zone -17875-17890
Harmonic PRZ (Potential Reversal Zone) -17875-17890 zone where bounce can be expected.
Upside Channel Support - 17875-17890 zone
Technically Trendline can be validated if Index drops to 17875-17890 zone & holds - if holds then we expect upside bounce else below 17875-17890 has to be reviewed back. -------------------------------- Trading Strategy -------------------------------
Sell Below 17950 for 17875-17890 zone
Buy in 17875-17890 zone if trendline & channel holds
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13:35 Hrs / 10th Nov.2021
Last @ 17999
Index hardly moved below 17950 post idea was published. Day low 17920's approx.
Crossing 18000 back - Bulls will be strong.
Thanks
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13:40 Hrs / 10th Nov.2021
Last @ 18025
Always remember Trading is tough. Going below 18000 - Don't forget the sharp reaction ( downside )of 9th Nov.2021
As a trader, you have to manage the same. You never know such moves could be part of the larger moves
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14:08 Hrs / 10th Nov.2021
Last @ 18050
Index jumps to most important resistance zone 18050-18075 which could halt upside move for a while as sharp fall on 9th Nov.2021 came close from 18070 levels yesterday.
The next upside move shall continue once it crosses above 18075 levels & holds above. Thanks
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Kindly read updates in sequence
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14:16 Hrs / 10th Nov.2021
Last @ 18047
Index halting in 18050-18075 resistance zone & drops later below 18050 level then we look for 18000 & below 18000 - next support at 17950 are the levels to be watched
In case it fails to drop below 18050 & crosses 18075 then the upside move shall continue.
Thanks
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14:59 Hrs / 10th Nov.2021
Last @ 18012
What a drop from 18050-18060 zone to 17995 close to our 1st target -18000
If Index drops again below 17995-18000 zone - It can attempt 17950-17960 zone
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15:35 Hrs / 10th Nov.2021
Last @ 18017
Picture Always Talks Better
Index in Bull Mode 18050-18075 zone ( Did not fall convincingly below 17950 or halted for a few mins only when the idea was published & selling strategy suggested below 17950)
Selling Below 18050 if Index halts in 18050-18075 zone
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10:06 Hrs / 11th Nov.2021
Last @ 17890
Manage Risk While Trading. Fall extended below 17950 - 2nd Target downside