In line with my earlier post nifty did came to lower zone but instead sustaining it has breached the support. Now new range has opened up on down side. Note: Personal views based on my observations.
I am attempting my best to identify CurdeOil mcx best trading range as of now. I feel this trading range will be valid for some time.
As disclosed in chart drawing I will be keenly watching resistance zone to make my decisions.
Nifty 50 present trading range as per my understanding of SR levels.
As earlier posted few week back swing is complete as far my target is concerned.
As explained in the chart drawing since last week I have been waiting for bullish swing entry. Still did not get the confirmation. Lets see if I get the bullish swing entry next week.
US30/DOW as per my understaning for SR level is shying to test support. As disclosed in chart drawing I am expecting it to test 1st support as marked in the chart drawing soon.
Will be watching copper for next few days price action for a right trade....
Last week I could not identify intermediate support for BNF. So this week as I understood it I have added that zone. This week BNF happened to break intermediate resistance. Ranges are as shown in the chart drawing.
As disclosed in chart levels Nifty50 has maintained same ranges. Based on my understanding there is no firm trading opportunities in Nifty 50.
my observations based on mhy own experience... nothing logical or scintific,,
Nifty bank was always tricky for me as it has reversed not from any resitance as nifty did. Still I was hoping it will hit next support zone without breaching resistance zone I have disclosed in my earlier post. But the resitance zone has been breached and I am forced to analyse it for ranges. Best part of it yesterday while it retraced back and went on to breach...
Based on price movement of last 2 weeks I feel BTCUSD will touch resitance zone without breaching support zone.
As disclosed in chart drawing based on my abilities to understand the price action for Nifty 50, I am trying to disclose the ranges as far as best I can understand.
Bank nifty today broke important support zone. I feel based on my understanding about SR Levels, Bank nifty will hit support zone without crossing resistancce zone as marked in the chart drawing.
The week ended with negative bias and for next week based on my understanding about SR levels, I will be following trade plan with price confirmation. The best part is nifty is back in the range, so it will surely give an opportunity for some good trades.
As disclosed in chart drawing, today I could close my short trade and in continuation to further price action, I feel Nifty 50 should hit 17400 without breaking the resistance zone marked in chart. Disclouosre: 1.> Bias is important to trade 2.> Even retracements can be traded against the bias 3.> Don't miss the opportunity with the main bais. 4.> All above...
As disclosed in the chart drawing based on support and resitance levels as per my understanding I am bullish on Gold for short term till this resitance.