Here are the levels for nifty too trade for tomorrow intraday. mark these levels on the chart. nifty is forming a rising channel on the 15min TF we can trade on the break of the channel.
rising channel pattern is a bearish pattern so if the price breaks the channel on upside we can take the long trade but only on the retest or else it might be fake out and can trap the buyers and price can come down.
if the price breaks the lower trendline of the channel then we can take the short side entry on 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.
rising channel pattern is a bearish pattern so if the price breaks the channel on upside we can take the long trade but only on the retest or else it might be fake out and can trap the buyers and price can come down.
if the price breaks the lower trendline of the channel then we can take the short side entry on 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.