Can go long above 640 with a target of 648 and stop loss of 632.
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As I mentioned my yesterday post that, I will sell BNF 31300-350 zone or 31450-550 zone or sustain below 30900 but today trading range was narrow and near minor support zone. So today was a trade free day for me in BNF.
Today One thing changed that it has broke its previous bottom @ 30900 and mane a new low @ 30862.
Now very strong support zone @ 30500 on daily...
As i mentioned in my yesterday post that I will sell Nifty if it will sustain below 12225. Today Sold 12300 and 12250 call as per my plan.
I have also mentioned in the comment that there Nifty will fill the gap between 12130-12030 in coming days and it should make new bottom above 11930 or 12000-12050 zone.
Short Term View is: 12300 is a Very Strong...
Please see the demand and supply zones in the chart.
Plan A: I will go short one it will sustain below 12280
Plan B: I will go long one it will sustain above 12400
Plan C: Avoid trading in the 12300-12400 Zone
Please see the demand and supply zone in the chart.
Plan A: I may short BNF if it will not sustain above 32120 or 32350 for the target of next demand zone.
Plan B: I will Buy BNF if it will sustain above 32350 for the target of next supply zone.
Please find demand and supply zones in the chart
Plan A: If NF will sustain above 12200 then I may short 12100 or 12150 Put or may long Future for the target of next supply zones.
Plan B: If NF will sustain below 12200 then I will wait for 12150 or 12100 level. If it will come to these levels and sustain above this then I will take long position.
Plan C: Avoid Short
Please find Support and Demand Zones in the chart.
Plan A: If it will hold it's demand zone: 31000 then I will short 31000 Put and if it will not able to sustain above 31500 then I will short 31500 call.
Plan B: If it will sustain below 31000 then I will short Fut for the target of 30800-30700.
Weekly has a double bottom and a recent Higher High. But, predominantly, it's a Downtrend. There is a wide bearish RSI divergence too. Price is hovering at an important level.
In Daily, nothing is supporting. There is a break of Trendline, but not convincing.
75 min is...
Intraday Trading Strategy
Time Frame:- 15 min, 30 min.
1) RSI:- 9 period, (60, 40 Overbrough & Oversold zone respectively)
2) Stochastic RSI:- (8,8,3,3)
3) EMA :- 10 Period
4) Candlstick Type :- Heikin ashi
what is strategy...?
if we are getting two consecutive green candles and RSI, Stochastic RSI also giving crossover then...
BPCL IS MOVING IN BETWEEN TWO PARALLEL LINES, BUT LAST MOVE O BPCL IN 15 MIN TIME FRAME IS DIFFERENT, IT IS NOT RESPECTING LOWER BOUNDARY OF HE CHANNEL, THERE IS HIGH PROBABILITY TO TAKE A BREAKOUT, SO BE READY TO BOOK YOUR PROFIT WITH POTENTIAL BREAKOUT OR REVERSAL.