Intradaytrading
National Aluminium - Monday Trade | 12th JulyLevels mentioned in the chart.
Please use comment section for any queries/suggestions :-)
Nifty Intraday Gann Support and Resistance Levels for 9/7/2020Tomorrow's (9/7/2020) Intraday Nifty Gann Support and Resistance are:
R1:15757 R2:15820 R3:15882 R4:15946
S1:15706 S2:15685 S3:15623 S4:15560
Disclaimer :
Trading is never ever recommended as it is injurious to mankind. This is purely my study based on technical charts and for educational purpose only. Please do your analysis before taking any trades given by me. I MUST not be held responsible for any profit or loss out of any trades you take on our advice. All Disclaimers Apply.
Intraday Idea for 1st July 2021. If tomorrow SAIL goes below 130, or it retest 132 range and fail to give breakout, then you can short it from 132 or from 130. Target can be set up to 126.50. Stop loss would be above 132.80 if you short nearby 132 / If you short nearby 130 then stop loss would be 132.20 .
Risk to reward is 1:1 or 1:1.5. Do your position sizing correctly. You can expect to get 1.5 to 2 rupees as target.
Reasons: SAIL broke it's support of 20, 50, and 200 MA. And showing down trend in daily chart, which I'll share in a separate post.
NOTE:
USE 5 MINUTE CHART FOR THIS TRADE.
DO YOUR POSITION SIZING CORRECTLY.
DRAW THE LEVELS IN YOUR CHART AS WELL.
DON'T BECOME GREEDY.
DON'T TRADE IN FOMO IF YOU MISS THE RIGHT ENTRY. THERE WILL BE ANOTHER OPPORTUNITY TOMORROW.
