CPR: Narrow + outside cpr: Sideways to bearish.
FII: -3,795.72 Sold
DII: 4,148.48 bought.
Highest OI:
Resistance:26300,26400.
Support :26000.
conclusion:
My pov:
1.Market opens with gap up but cpr shows a bearish view in techinical analysis ,there is two ways to confirm it if breakes ATH and sustains in 1hr candle and if it breaks and sustain above R1,also check volume . then go bullish.
2.market can be sideways to bearish.
3.confirmation is the key and wait for clarity.
psychology fact : most of the time, not doing anything is the best trading exercise you can ever do.
note:
8moving average ling is blue colour.
20moving average line is green colour
50moving average line is red colour.
200moving average line is black colour.
cpr is for trend analysis.
MA line is for support and resistance.
Disclaimer:
Iam not Sebi registered so i started this as a hobby, please do your own analysis, any profit/loss you gained is not my concern. I can be wrong please do not take it seriously thank you.
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.
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.