In the lower time frame(15 minutes), the price has formed a descending triangle, and now it is giving a breakout. In the daily time frame, we can see two patterns. Bear flag(bearish pattern) and ascending channel breakdown.
As per the daily chart, we can see the resistance is around 461 - 464.
Sell below 455 with the stop loss of 459 for the targets 451, 447, 442 and 438.
The price can have a pullback towards the 464 zone. Watch how the price is showing strength at 454 and 462 before taking any trade.
As per the daily chart, we can see the resistance is around 461 - 464.
Sell below 455 with the stop loss of 459 for the targets 451, 447, 442 and 438.
The price can have a pullback towards the 464 zone. Watch how the price is showing strength at 454 and 462 before taking any trade.
Note
Gap down opening. Let us wait for the resistance levels to be tested by the price. Trade active
T2 done. 
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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.
Role I play here : Moderator. Follow me in telegram to trade better. t.me/Analysis4Newbie Contact information : tradingplan4u@gmail.com
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.