Here are the levels for nifty to trade for tomorrow intraday. on weekly TF price is looking like bearish and in daily TF price formed a evening star pattern which is a reversal sign. so we can take the trades on the both sides. and the evening star pattern formed on the daily TF is valid only when the price breaks the day low and closed. and on the 4 and 1 HR TF price formed a double top and The RSI divergence. and the neckline for the double top pattern is the day low and if the price breaks and strongly closed below the neckline then we can take the entry with the volumes confirmation. and mark the fib retracement levels for the target for down side trades and the 0.5 level will be crucial. and for the long trades wait for the price action and the price has to break the trendline and the important daily TF fib level 0.618 and the retest we can take the long side entry. on 15min TF there is 200EMA so see the price action and decide whether to hold the position or close at breakeven.
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.