NIFTY 07/08/23
Here are the levels for nifty to trade for tomorrow intraday and mark these levels on the chart.
on weekly TF price formed kind of doji candle.
and on the daily TF price formed a inside candle so we can take the trades on the either of the side of the breakout with volumes confirmation. as we can see price formed a inverted head and shoulders so we can expect the price can again be in long trend. there is a 20DEMA as well wait for the breakout and the neckline is very important level to trade.
we can take entry on the breakout of the neckline of the pattern and only the retest with the volumes confiramtion.
and can take the short entry only on the breakdown of the friday low enter on the retest with the volumes confirmation.
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 formed kind of doji candle.
and on the daily TF price formed a inside candle so we can take the trades on the either of the side of the breakout with volumes confirmation. as we can see price formed a inverted head and shoulders so we can expect the price can again be in long trend. there is a 20DEMA as well wait for the breakout and the neckline is very important level to trade.
we can take entry on the breakout of the neckline of the pattern and only the retest with the volumes confiramtion.
and can take the short entry only on the breakdown of the friday low enter on the retest with the volumes confirmation.
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.
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