Mighty Nifty - Jan 11

10 thg 1

Price is nearing the trend line resistance. Price have to sustain above it to be bullish.
Pattern : Trend line resistance.
Range : Medium.
Trend strength : Normal.
Buy Above : 21620.
Stop Loss : 21590.
Targets : 21650, 21680, 21700 and 21740.
These levels are derived based on the assumption that price will take support from 21600 and break the trend line resistance.
Sell below : 21540.
Stop Loss : 21590.
Targets : 21510, 21480, 21450 and 21420.

Expected expiry day range is 21400 to 21700.

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Note : This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
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11 thg 1

Ghi chú

Weak. Testing the trend line.

11 thg 1

Ghi chú

Trend line walking.

11 thg 1

Ghi chú

Trend line influenced the price whole day.