Intraday Pick - SBI cards
Extremely narrow CPR for the day. yesterday's close was defended by bulls. if that is taken out, we can expect a strong down move.
play out the H4/L4 breakout based on price action.
if a gap down / gap up opening, wait for first 15 min to test the key levels that are surpassed during the opening.
downmove target - unfilled virgin cpr at 923 from 29th July
there is a higher cpr relation from monthly and weekly level, any strong bull candle at that region indicates presence of swing and positional traders
play out the H4/L4 breakout based on price action.
if a gap down / gap up opening, wait for first 15 min to test the key levels that are surpassed during the opening.
downmove target - unfilled virgin cpr at 923 from 29th July
there is a higher cpr relation from monthly and weekly level, any strong bull candle at that region indicates presence of swing and positional traders
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