(FOR EDUCATIONAL PURPOSE ONLY)
IF PRICE CROSS AND CLOSE ABOVE 755 (BREAKOUT WITH SIGNIFICANT VOLUME),IT WILL MOVE UP TO 795
IF PRICE CROSS AND CLOSE BELOW 722 (BREAKOUT WITH SIGNIFICANT VOLUME),IT WILL MOVE DOWN TILL 678
(FOR LEARANING PURPOSE ONLY)
If price opens above CPR & forms a BULLISH opening range ,go long with Target 23420
if price opens below CPR & forms a BEARISH opening range ,go short with Target 22400
From the char u can clearly see that the candle is in the rage to go up and the required profit zone and stop loss is been identified using multiple time frame analysis
Entry around =562
profit around = 569
stop loss around = 560 ( so safer )
View in nifty:
Any intraday dips can be bought till 11730 for tomorrow!!!
Too many news in the market as of now, both domestic and international. So, play with appropriate stops.
CPR relation is strong in all the big time frames so let us hope it is a nice chance to grab the dips at least till the first week of next contract.
Next month opening and 2-day relation...
BANKNIFTY levels including CPR for tomorrow.
Please enter your trades only when price breaks out from CPR on 3m chart.
If gap down tomorrow, use support lines.
If gap up tomorrow, use resistance lines.