market is consolidating ...so wait for the breakout of channel ...
long from strong support ...i am making to support let the market retrace then we take a long position from over strong support ...and wait for the price action near over strong support...
time to short ..market is in over bought zone ...and its also a bearish engulfing candle...short target will be 29560....
short till profit target...do not consider that red line that will be only consider if market breaks its trend line.. over RSI also over bought zone its over strong resistance level so may be market retrace from here and then follow its uptrend...may be nifty falls 100- 150 points...
i make two resistance ...wait for the price action near strong resistance to enter in short trade...thanks have a great day..
these are the key level ...where you can go long and short...watch the area .. important notice :- always wait for the price action near support and resistance area...
WAIT FOR THE REJECTION FROM STRONG RESISTANCE OR WAIT FOR THE BREAKOUT OF SUPPORT TO SHORT ALL EXPLAIN IN THE PICTURE....I WANT TO GO SHORT IN THIS TRADE ... JUST WAITING FOR THE REJECTION FROM STRONG RESISTANCE LEVEL...