Intradaytrader
BANK NIFTY ANALYSIS FOR 07-06-21Do not Trade in between 35465 - 35100 .
Buy Above 35465 for the Targets marked on Chart
Sell below 35100 for the Targets marked on Chart
Take Entries when Market sustains above / below our levels
Avoid entries , if there is a Huge Gap Up / Gap Down
Take Entries as per Price Action
** Only for Educational Purposes
( As you all can see our daily Analysis , Bank Nifty is respecting all our analysis with treadlines and Support & Resistance Lines )
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Intraday levels - 07 June 2021 - Price action
- Important levels marked in chart
- Use pivots to target
( any queries ask me in comment box )
United Phosphorous Ltd Intra-day Trading (Sell) opportunitiesNSE:UPL
TRADE ANALYSIS
This stock is very bullish and making new highs, the stock had created higher highs, However in the last 30 minutes trading session it closed below 20 Moving Average (MA) and below volume weighted average price (VWAP) with a strong bearish move and a negative RSI Diversion which means that the stock is losing its momentum and might touch its deep retracement zone.
POSSIBLE SCENARIOS
1) If Market opens sideways- and touches the price of 842 also making any bearish pattern or price rejection from 842 zone then look for confirmation candle and sell, put stop loss at 847, take profit at 823.
2) If market opens Gap Down- check for the 15 mins bearish candle then straightaway sell and put stop loss above 15 mins candle take profit at 806 or according to your risk to reward ratio.
3) If market opens Gap up- Do similarly like sideways market.
NOTE: In case the market opens gap up above 842 price then I would recommend not to trade UPL LTD.
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