NIFTY Intraday Trade Setup For 18 Mar 2024
NIFTY Intraday Trade Setup For 18 Mar 2024
Bullish-Above 22130
Invalid-Below 22080
T- 22345 22550
Bearish-Below 21900
Invalid-Above 21950
T- 21634 21400
NIFTY has closed on a bearish note on a bearish note with 2% cut last week. It has got rejected from from 2.618 PRZ in weekly TF which was pretty obvious. Below 21850 we will get a breakout of channel in daily TF. After a bold bearish candle on 13 Mar the next two consecutive candles were inside candles. which is a sign of compression before a big/parabolic move. Below 21900 downside move will be triggered which will be confirmed below 21850 EOD.
Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes above 22130 then we will long for the target of 22345 and 22550.
For selling we need a 15 Min candle close below 21900. T- 21634 and 21400.
In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range (5MIN). Trade on this range breakout.
==========
I am Not SEBI Registered
This is my personal analysis for my personal trading. Kindly consult your financial advisor before taking any actions based on this.
Bullish-Above 22130
Invalid-Below 22080
T- 22345 22550
Bearish-Below 21900
Invalid-Above 21950
T- 21634 21400
NIFTY has closed on a bearish note on a bearish note with 2% cut last week. It has got rejected from from 2.618 PRZ in weekly TF which was pretty obvious. Below 21850 we will get a breakout of channel in daily TF. After a bold bearish candle on 13 Mar the next two consecutive candles were inside candles. which is a sign of compression before a big/parabolic move. Below 21900 downside move will be triggered which will be confirmed below 21850 EOD.
Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes above 22130 then we will long for the target of 22345 and 22550.
For selling we need a 15 Min candle close below 21900. T- 21634 and 21400.
In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range (5MIN). Trade on this range breakout.
==========
I am Not SEBI Registered
This is my personal analysis for my personal trading. Kindly consult your financial advisor before taking any actions based on this.
פרסומים קשורים
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.