It's can be a range bound trap because it's month last expiry so just save your money.
Range 16850 - 17200
New buy above 17200 sl 20 points.
New sell below 16850 sl 20 points.
Another range bound statergy sell below 17200 sl 10 points profit 50-70 points.
Buy near 17850 or trend line stoploss 10-15 points profit 50-100 points
Gapdown near bottom line will give you to buy for long opportunity stop loss below the green line.
Below green line make a short poision it's selling opportunity. 1:3/ 1:4/ 1:5
It's most bearish trap by GMT be aware before it's happened look at then dozi candel next candel will be red 🔴
GMT may fall if it's not break all time high.
Nifty 50 in falling rectangular channel either side give a good breakout of 950-1000 points.
Break downside have a break out of 1000 point from channel same as upside also.
Note if it tools resistance from upper side of channel then can come mid point of channel means 500 points we can get from it.
Burger King created Lower high and lower low.
Break lows every time and goes down side.
Sellers are selling at every lower high points they have stop loss.
Upchannel mainly breakout down side with good risk reward.
But it's breakout upside too so after breakout proper retest then take entry with strict stop loss
