Wide CPR for tomorrow. Expecting market to be range bound.
But as per the CPR levels, it's below the yesterday's level. It means bearish .
If market opens above CPR TC, and gives bullish green candle in the first 5 minutes closing, can expect movement upwards till Previous day high and then R1 level.
If market opens below CPR BC, and gives bearish red candle in...
Narrow CPR for tomorrow. Expecting market to be trending either upwards or downwards.
But as per the CPR levels, it's above the yesterday's level. It means bullish.
If market opens above CPR TC (17680), and gives bullish green candle in the first 5 minutes closing, can expect movement upwards till 17750 (R1 level).
If market opens below CPR BC (17660), and...
Comparatively wider CPR on the bullish side. Market may be bullish but expecting it to range bound.
If the 5 mins candle closes above the 17650 with a positive candle, may take long position keeping R1 as the target. SL should be 17610.
If the 5 mins candle closes below 17610 with a bearish candle, may take short position keeping S1 as the target. SL should be...
