Hello everyone as some of our fellow traders having issue with chart as written analysis posted under it was old & they wanted to see chart pattern so here's the new chart & CDSL analysis(new) will be posted here from now onwards.
(i)price is strong & formed a pattern on day time frame which says price can move up further but there are few zones marked as we need to be a little cautious there.
==>For buying let price sustain above 2020.20 for 2034-2042.10tgt level or it can touch 2045.20 level & form a small retracement candle then move up if does then next 2050-2054.60/2067 tgt levels can be seen but remember 2042 a strong level.
==>For selling let price on 15min timeframe close below 1999[high risky traders] for 1990-1985 tgt
safe traders can wait for 1990 level to break & sustain for 1978-1970 tgt level.
if price takes rejection from 2020 level &falls till 2000 then wait for support candle to form & on next candle can buy for 10-15points tgt. [or] if price break 1999 level then a sharp sell off till 1990/1988 can be seen.
if gap up/gap down opens then wait for at least 30mins & mark 1st 15min candle high/low then trade on side price is.