simple

Short UKOIL - Target 62.50-63 Confirmation - Long Upper Wick We are presently within a triangle. Crude to head lower. Target - 62.50-63

Keeping it simple, long term supports and resistances are marked in the chart. The selling pressure is high as foreign investors are pulling out of the Indian markets and the government acting against the market's expectations among other reasons. The sentiment is bearish. If nifty breaks the current uptrend, then we're looking at 10500/9950. In case of a...

Expected trading range: 11150 - 11010 Support @ 10980-90 Chart tells the rest ;)

(A) TF- Multi-W1 or MN BIAS - Bearish ENTRY - 8200 SL - 10400 TP - 2300 (Intermediate TP - 5500(Grade AA), 4300(Gr AAA), 2300-1900(Gr AAA)) RR - 2.9 (B) TF- Multi-MN or YR BIAS - Bullish ENTRY - 2300 SL - 675 TP - 14900 (Intermediate TP - 4200(Grade AA), 5400(Gr AAA), 8900(Gr AAA)), 11600(Gr AAA)) RR - 9.7 Lets WnW (Wait n Watch) :)