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 17650.
On breaching R1/S1, the next support/resistance lines are the levels to note.
Note: overall markets across world are not stable.
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 17650.
On breaching R1/S1, the next support/resistance lines are the levels to note.
Note: overall markets across world are not stable.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.