nifty glace for today
open = high = which turns as intra resistance level
1st 15 min candle is the mother candle for inside bar
wick of 1st 15 mn candle is at a very interesting level - can be again interesting to watch if it breaks
now how about trading @ breakout level - upside
>>> entry can be done if the resistance is broken and that candle closes n...
short zone given
keeping 231 as stop for now
also keeping ema, rsi in mind to trail Stop loss
on DCB
targets 1:2, 1:3, again trailing basis
disclaimer - trade @ own risk
can there be fall from all time high price level ?
yeah possible
RSI - drawn resistance trend line to be watched
consistent volume has given descent support so far
so keep a watch on volume candles
exit short on crossing and closing above
rising Resistance trend line
where to book short ?
or
where to enter for fresh long?
levels for above questions -...
> hit new 1 Year High today
> daily last 3 candles with HH-HL
> daily last 3 volumes seeing decending candles
> daily closing RSI above 80,
though lower subsequent time frames
shows descending RSI values
all above tells me
that there can be profit booking possibility
lets see where it goes tomorrow
disclaimer - just an observation
close above 165 can be a buy
with stop below 152 - dcb
points to be noted while entering - volume support should be there
disclaimer - trade @ own risk
new 5 year high
volume support seen
close near day's high showing bullish sentiments at close
stay long till rsi daily close below 55
levels to watch at down side - 648 / 528
disclaimer - trade @ own risk
A close below 295-94
can open script to touch its rates -
285 / 279 / 266
👉chart pattern observed - double top
👉trade based on double top neckline break
disclaimer - for study purpose only
