Suryaroshni - Morning Star vs Gap Fill
Updated
All levels drawn on chart.
111 is the major support and 122.5 is the resistance - can zoom out and see the Fib retracement levels.
Positional Trades:
Go Long at 117 for 118.5, 120.5, 122.5 with SL at 114.5
(For the Morning Star hypothesis to be true, it should gap up and open in 116-117 if not higher)
Or
Short below 114.5 for 113, 111 with SL at 115.5 for the Gap to get filled.
111 is the major support and 122.5 is the resistance - can zoom out and see the Fib retracement levels.
Positional Trades:
Go Long at 117 for 118.5, 120.5, 122.5 with SL at 114.5
(For the Morning Star hypothesis to be true, it should gap up and open in 116-117 if not higher)
Or
Short below 114.5 for 113, 111 with SL at 115.5 for the Gap to get filled.
Trade closed: target reached
Exited at 120.5Note
Will re-enter tomorrow on dips for the T3
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