We had a gap-up opening today, and the price moved up in the morning session and momentum reduced, resulting in a small pullback in the afternoon session. If the price opens flat tomorrow and the same trend continues, then we will get a rounding top pattern. If price gains bearish strength, then the gap formed today will get filled.
Support zones are 84200 and 83950 - 84k. Nearby resistance is at the 84750 - 84850 zone.
When support, resistance zones are nearby, it sometimes gives a choppy move.
Buy above 84540 with the stop loss of 84420 for the targets 84640, 84760, 84900, 85040 and 85200.
Sell below 84300 with the stop loss of 84440 for the targets 84180, 84060, 83940, 83800, 83700 and 83580.
Always do your analysis before taking any trade.
Support zones are 84200 and 83950 - 84k. Nearby resistance is at the 84750 - 84850 zone.
When support, resistance zones are nearby, it sometimes gives a choppy move.
Buy above 84540 with the stop loss of 84420 for the targets 84640, 84760, 84900, 85040 and 85200.
Sell below 84300 with the stop loss of 84440 for the targets 84180, 84060, 83940, 83800, 83700 and 83580.
Always do your analysis before taking any trade.
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.
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.
