5243 HSP and pull back for short at 18230 level
The 18230 level form the firm resistance for the HSP pull back zone for short
pull back has green volume; hence 18300 level if crossed and closed above on daily basis induces the short covering rally that may trigger towards 19000 level in coming weeks.
One can consider the 18230 level as short opportunity with 18300 level daily closing as SL
Duration 1 week
pull back has green volume; hence 18300 level if crossed and closed above on daily basis induces the short covering rally that may trigger towards 19000 level in coming weeks.
One can consider the 18230 level as short opportunity with 18300 level daily closing as SL
Duration 1 week
Note
Above 18000 to 18250 is long opportunity, 18000 above has to daily close with high volume- if it happens, then there is a possibility of short covering rally. Till then no trading zone.
Order cancelled
18000 above daily close has not happened for long and hence entry not triggered for trade.
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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.