We had a gap-down opening today, and today's movement has created a descending triangle, which is a bearish pattern. Nearby resistance is at 22950 - 23000 and nearby support is seen at 22480 - 22520.
Buy above 22620 with the stop loss of 22560 for the targets 22660, 22740, 22820, 22880, 22960 and 23040.
Sell below 22460 with the stop loss of 22540 for the targets 22400, 22340, 22280, 22200, 22140, 22080 and 22020.
Expected expiry day range is 22200 to 22900.
The main trend is bearish and volatile; do your analysis before taking any trade.
Buy above 22620 with the stop loss of 22560 for the targets 22660, 22740, 22820, 22880, 22960 and 23040.
Sell below 22460 with the stop loss of 22540 for the targets 22400, 22340, 22280, 22200, 22140, 22080 and 22020.
Expected expiry day range is 22200 to 22900.
The main trend is bearish and volatile; do your analysis before taking any trade.
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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.
