The price faced resistance at 26320 and fall down towards support. Now the price is testing the double bottom support at 26120.
If the price opens gap down and shows a bullish sign around the 26040 zone, buy above 26060 with the stop loss of 26010 for the targets 26100, 26140, 26180 and 26220. Channel resistance will be there at the 26200 zone.
If the price opens flat, check how it is reacting around 26200 and if it shows bullish strength, buy above 26240 with the stop loss of 26190 for the targets 26280, 26320, 26360 and 26400.
Sell below 25980 with the stop loss of 26030 for the targets 25940, 25900, 25860 and 25820.
Please note if the price opens at the 25300 zone or 25200 zone and shows bearish strength, then it is a sell.
Expected expiry day range is 25900 to 26300.
Always do your analysis before taking any trade.
If the price opens gap down and shows a bullish sign around the 26040 zone, buy above 26060 with the stop loss of 26010 for the targets 26100, 26140, 26180 and 26220. Channel resistance will be there at the 26200 zone.
If the price opens flat, check how it is reacting around 26200 and if it shows bullish strength, buy above 26240 with the stop loss of 26190 for the targets 26280, 26320, 26360 and 26400.
Sell below 25980 with the stop loss of 26030 for the targets 25940, 25900, 25860 and 25820.
Please note if the price opens at the 25300 zone or 25200 zone and shows bearish strength, then it is a sell.
Expected expiry day range is 25900 to 26300.
Always do your analysis before taking any trade.
Role I play here : Moderator. Follow me in telegram to trade better. t.me/Analysis4Newbie Contact information : tradingplan4u@gmail.com
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Role I play here : Moderator. Follow me in telegram to trade better. t.me/Analysis4Newbie Contact information : tradingplan4u@gmail.com
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
