Intradaytrader
NIFTY TRADE SETUP FOR TUESDAY Tomorrow I will trade carefully as per opening. If market opens above 14620 ..Then again I will buy on dip till market trade above 15550 -15520.
If Market opens below 15520 then I will sell on rise till 15620 . If market open between 115520- 15600 . we might see a range bound market .
Let the market set a range in 30 min and then set your trade accordingly.
CIPLA "W" Pattern Downfall TGT @925/920The chart, clearly shows Cipla forms an uneven "W" pattern and faces resistance on a higher level. So we can Keep an Eye for Selling.
Best Setup to Trade.
At the opening of the market right at 9:15, if CIPLA opens with the price of ( 934 - 930 ) we can place a trade on breaking of the previous day Low( 930).
Once it breaks we can put up a target of quick 4-5 points based on your Risk-Reward ratio.
With this setup you can achieve the target very quick as 9:15 we get very high momentum moves / volatile.
** IGNORE if Gaps up / Gaps down too much below the mention selling level.
This is my Everyday Quick Setup I shared with a small analysis, you can make your own setup and trade.