Here are the levels for nifty to trade for tomorrow intraday and mark these levels on the chart. on daily TF price made a morning star candle pattern which is weak. and on the 1Hr TF price there is a channel pattern formed and exactly took support from the down trendline and the 0.618 fib level and price moved up and now price is trading at the upper trendline.
if the price breaks the channel and trades above the channel and we can enter the long trade on the pull back with the volumes confirmation.
if the price breaks the small trendline which is drawn on the 5min TF then we can take the short side entry with the volumes confirmation and we can take the targets with respect to the fib level that as the 0.5, 0.618 fib level.
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.
if the price breaks the channel and trades above the channel and we can enter the long trade on the pull back with the volumes confirmation.
if the price breaks the small trendline which is drawn on the 5min TF then we can take the short side entry with the volumes confirmation and we can take the targets with respect to the fib level that as the 0.5, 0.618 fib level.
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.