Price has been consolidating for a long time at around the 200 DEMA.
Bollinger Band is getting squeezed day by day and is due for a range expansion soon.
Price is trading below the cloud and conversion line
My Take: I believe that the range would expand on the downside, with a stop of hourly close above 750
P&F Chart open counts cluster is at 700-710
Disclaimer: I am not a SEBI registered Analyst and this is not a trading advise. Views are personal and for educational purpose only. Please consult your Financial Advisor for any investment decisions. Please consider my views only to get a different perspective (FOR or AGAINST your views). Please don't trade FNO based on my views. If you like my analysis and learnt something from it, please give a BOOST. Feel free to express your thoughts and questions in the comments section.
Bollinger Band is getting squeezed day by day and is due for a range expansion soon.
Price is trading below the cloud and conversion line
My Take: I believe that the range would expand on the downside, with a stop of hourly close above 750
P&F Chart open counts cluster is at 700-710
Disclaimer: I am not a SEBI registered Analyst and this is not a trading advise. Views are personal and for educational purpose only. Please consult your Financial Advisor for any investment decisions. Please consider my views only to get a different perspective (FOR or AGAINST your views). Please don't trade FNO based on my views. If you like my analysis and learnt something from it, please give a BOOST. Feel free to express your thoughts and questions in the comments section.
Trade active
frm 741 to 725 so far.. break of 715 will bring 650 in no time.. Here is the count of larger TF for better understanding... entry at the pullbacks is a sensible approachTrade closed: stop reached
Price moved on the upside for this range expansion.. Stoploss hit and trade closed
I am not a SEBI Registered Analyst. Views are personal and for Education purpose only. Please consult your Financial Analyst before making investment decision
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.
I am not a SEBI Registered Analyst. Views are personal and for Education purpose only. Please consult your Financial Analyst before making investment decision
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.