Here are the levels for nifty to trade for tomorrow intraday. on weekly TF price is bullish and daily TF as well. in 1HR TF price has been stretched upwards a lot. definitely the trend is bullish but going long at the higher levels does not makes any sense so we can wait till the price comes to lower level. as u can see there is trendline passing by supporting the price from downwards. so if the price comes to the trendline and that support then we can plan for the upside trades. if you want to go short then have a strict SL and beginners should avoid this shorting trade this might be risky. if the price opens gap up or flat and then the price goes up with out any retracement then we can short only on the formation of the bearish pattern with strict SL and target and don't hold the trade for too long even if it is going side just exit the trade. if you are a beginers just wait for the price to retracement then we can take the long trade or if the price consolidates in the same region then we can take the trade on the breakout .
TIP: always buy the at low and sell at high.
Here I mention only the high probability trades only. as intraday trader you can have multiple entries and exits according to your setups.
DISCLAIMER: This is my own analysis and you do your own analysis before you take any trade and I am not SEBI registered and contact your financial adviser before taking any trades .I am not responsible for your profit or loss. This is only for educational purpose and learning.
comment below if you have any doubts.
TIP: always buy the at low and sell at high.
Here I mention only the high probability trades only. as intraday trader you can have multiple entries and exits according to your setups.
DISCLAIMER: This is my own analysis and you do your own analysis before you take any trade and I am not SEBI registered and contact your financial adviser before taking any trades .I am not responsible for your profit or loss. This is only for educational purpose and learning.
comment below if you have any doubts.
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.
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.