Price was moving with volatility and it was choppy for the past few days which resulted in channel formation. Now it has broken the channel. Will it sustain? Read below.
Pattern : Channel
Range : Medium
Trend strength : Normal
Buy Above : 19460
Stop Loss : 19420
Targets : 19500, 19520, 19560.
Sell below : 19380
Stop Loss : 19410
Targets : 19350,19320 and 19280.
Check the live market updates. Expected Expiry Day range is 19300 to 19550.
Hit the like button to Rock !! Show some energy !!
Note : This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
Pattern : Channel
Range : Medium
Trend strength : Normal
Buy Above : 19460
Stop Loss : 19420
Targets : 19500, 19520, 19560.
Sell below : 19380
Stop Loss : 19410
Targets : 19350,19320 and 19280.
Check the live market updates. Expected Expiry Day range is 19300 to 19550.
Hit the like button to Rock !! Show some energy !!
Note : This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
Note
At trend deciding level. Bearish. Note
Note
This is what has happened, Trade active
Short.Note
T1 done. Nearing T2.Trade closed: target reached
Note
Aug 18 : Marked zone will decide the trend direction. 
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.