Summary
l HTF is again in a make or break zone. DTF has a "Hammer" candle hence, probability of breakouts is high.
l 15901 is a critical level and if breakout fails again, we may see bearishness to test support again.
l 15439 is critical level and unless its breached in convincing manner my view will be bullish in medium term.
l Pivot analysis infers MILD-TRENDING bias and expect big move if market sustains above 15901.
l Support levels 15833/15795
l Resistance levels 15901.
l Stay out and watch unless you are breakout trader.
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Step 1 - Strategies to be deployed -
l Open drive
l PPT.
l Evening star.
l RCR
l CPRRVL
Step 2 - Trading Plan
1. Any bullish PA above 15830 is long with stop of 15805 and target of 15885.
2. Any bullish PA above 15877 is a quick scalp with stop of 15857and target of 15900.
3. Aggressive long above 15915 with stop at 15891 and target of 15969.
4. Any bearish PA below 15817 is short with stop of 15847 and target of 15765.
5. Aggressive short below 15767 is short with stop of 15795 and target of 15726.
This information is for education purpose only. So, please consult your financial advisor for any investment/trading advise.
Have a nice day!!
@Mockingbanana
l HTF is again in a make or break zone. DTF has a "Hammer" candle hence, probability of breakouts is high.
l 15901 is a critical level and if breakout fails again, we may see bearishness to test support again.
l 15439 is critical level and unless its breached in convincing manner my view will be bullish in medium term.
l Pivot analysis infers MILD-TRENDING bias and expect big move if market sustains above 15901.
l Support levels 15833/15795
l Resistance levels 15901.
l Stay out and watch unless you are breakout trader.
**********************************************************************************
Step 1 - Strategies to be deployed -
l Open drive
l PPT.
l Evening star.
l RCR
l CPRRVL
Step 2 - Trading Plan
1. Any bullish PA above 15830 is long with stop of 15805 and target of 15885.
2. Any bullish PA above 15877 is a quick scalp with stop of 15857and target of 15900.
3. Aggressive long above 15915 with stop at 15891 and target of 15969.
4. Any bearish PA below 15817 is short with stop of 15847 and target of 15765.
5. Aggressive short below 15767 is short with stop of 15795 and target of 15726.
This information is for education purpose only. So, please consult your financial advisor for any investment/trading advise.
Have a nice day!!
@Mockingbanana