Markets are at a premium level and we expect the market to give back a retracement into 50% or below ( OTE levels), we can expect price moving higher into the OB and then an impulsive sell might come in, Be very cautious in buying Long Positions
Stock is showing Bearish order flow in Higher timeframe, can look for shorting opportunity, but on the contrary if the stock breaks above 932 level on the upside can look for long entry with a target of 945 - 949 levels
Axis bank is showing weakness in upside move from which I am expecting a downside fall, can look for shorting opportunity when there is a breakdown.
On the opposite if there is a breakout and Banknifty also showing signs of bullishness can go for long Entry.
Adaniports is currently forming a Bullish flag pattern similar to Nifty in 15m Timeframe can look for buying opportunity after a breakout and 747 level can act as a good resistance zone & on the contrary if there is a breakdown look for selling opportunity.
Nifty is currently forming a Bullish pennant or flag pattern in 15m timeframe, look for Entry opportunity only after a breakout or breakdown of the trendline. #TWE
