buy above the marked range for risk averse trade risky one could buy above 229.5 avoid false breakout by confirmation of volume intraday target could be 233 or 235 or above SL at 224.8
There is a massive buildup near resistance area and the price is supporting 50MA.
There is a buildup formed with good volumes at resistance.
Short position opportunity..based on price action DISCLAIMER : All the articles posted are for analysis purpose only , any trade taken shall be under your own analysis and risk
MRPL WIT LONG DEMAND ZONE PRICE ACTION
Nifty formed a bearish engulfing pattern Sell below 10670 Support at 10630
Nifty is currenly at the great 200 SMA Resistance that is confirming with today's (08-Jul-2020) red candle. If tomorrow trades below today's low then the next support is the 20 SMA. This analysis is for education purpose only and not to be considered as trade advice.
Looking weak below 260 with a stop loss of 263.5
Resistance 432 Support 421 Pivot 426 Wait for breakout and confirmation on either side Enter on pull back Break of resistance = support Break of support = resistance Stop loss 10 points Target 15+ points Bullish once nifty confirms uptrend Bearish once nifty confirms downtrend Avoid entering into gap up/gap down. Wait for price action to...
Bank Nifty look weak. High probability setup. Intraday Trading.