TF: 75 Minutes
CMP: 1995
Price is getting rejected from 50 DEMA (breakdown on 11th AUG) and retest done today).
With Stops above 2050 on daily close basis, this looks like a very good short set up for October series.
Also, the square of 45 is at 2025, and the price is unable to move past that.. we could use the level as a reference point
In terms of waves, the price has completed the terminal 5 and is due for a deep correction
Disclaimer: I am not a SEBI registered Analyst and this is not a trading advise. Views are personal and for educational purpose only. Please consult your Financial Advisor for any investment decisions. Please consider my views only to get a different perspective (FOR or AGAINST your views). Please don't trade FNO based on my views. If you like my analysis and learnt something from it, please give a BOOST. Feel free to express your thoughts and questions in the comments section.
CMP: 1995
Price is getting rejected from 50 DEMA (breakdown on 11th AUG) and retest done today).
With Stops above 2050 on daily close basis, this looks like a very good short set up for October series.
Also, the square of 45 is at 2025, and the price is unable to move past that.. we could use the level as a reference point
In terms of waves, the price has completed the terminal 5 and is due for a deep correction
Disclaimer: I am not a SEBI registered Analyst and this is not a trading advise. Views are personal and for educational purpose only. Please consult your Financial Advisor for any investment decisions. Please consider my views only to get a different perspective (FOR or AGAINST your views). Please don't trade FNO based on my views. If you like my analysis and learnt something from it, please give a BOOST. Feel free to express your thoughts and questions in the comments section.
Trade active
CMP 1952 and the trade is active. let see how far this goesNote
1850 now.. trade is moving well.. We are now tapping in to the 200 DEMA for the 2nd time.. expect a counter reaction here.. and wait for higher levels to short again
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.