Here are the levels for nifty to trade for tomorrow intraday and mark these levels on the chart. Fib retracement is drawn from all time high to swing low.
On weekly TF Price is bullish and the price is near the swing high. On Daily TF the price formed the inverted head and shoulders pattern. Price has stretched a lot on upside so if PDH is broken don't immediately enter the trade as it might be fake break out.
For bullish trades wait for the price to come down to the fib retracement levels and then on with any bullish pattern we can go long. For selling if price open gap up near to the 0.5 fib level which is marked with yellow that will be strict resistance if price make any bearish pattern there we can take sell side trades.
It is just my thoughts it does not mean it will exactly do the same it is just my view.
If you think I am wrong you can share you views below Thank you.
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.
On weekly TF Price is bullish and the price is near the swing high. On Daily TF the price formed the inverted head and shoulders pattern. Price has stretched a lot on upside so if PDH is broken don't immediately enter the trade as it might be fake break out.
For bullish trades wait for the price to come down to the fib retracement levels and then on with any bullish pattern we can go long. For selling if price open gap up near to the 0.5 fib level which is marked with yellow that will be strict resistance if price make any bearish pattern there we can take sell side trades.
It is just my thoughts it does not mean it will exactly do the same it is just my view.
If you think I am wrong you can share you views below Thank you.
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.