Price is moving inside a channel formation. And price had a good recovery after the huge fall. Will it continue tomorrow or move inside the channel?
Pattern : Channel. Range : Medium. Trend strength : Normal. Buy Above : 21480. Stop Loss : 21440. Targets : 21520, 21560, 21600 and 21640. These levels are derived based on the assumption that price will take support from 21500 and break the channel and move up. Sell below : 21380. Stop Loss : 21420. Targets : 21340, 21300 and 21260.
Expected expiry day range is 21300 to 21700.
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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.