Daily/weekly
>>1/12
- Flag and poll on daily,
- Saw a good rally from 5-20 nov on upside.
- going sideways/consolidating after the rally
- watch for high lows form up and down side target.
Intraday
>>1/12
- good up move from 6 jan to 8 jan
- 8948 50% Retracement form 6-8 jan rally.
- 9024 38.2 % Retracement - acting as a resistance.
- 8768.5 is 78.6% Retracement form 6-8 Jan up move can act as a target on downside.
- Good Support around 8973.50
- Saw a breakdown in last 1 hr of trading session on 1/12. Expecting the Support Zone break and 8770.70 as 1st short target.
>>1/12
- Flag and poll on daily,
- Saw a good rally from 5-20 nov on upside.
- going sideways/consolidating after the rally
- watch for high lows form up and down side target.
Intraday
>>1/12
- good up move from 6 jan to 8 jan
- 8948 50% Retracement form 6-8 jan rally.
- 9024 38.2 % Retracement - acting as a resistance.
- 8768.5 is 78.6% Retracement form 6-8 Jan up move can act as a target on downside.
- Good Support around 8973.50
- Saw a breakdown in last 1 hr of trading session on 1/12. Expecting the Support Zone break and 8770.70 as 1st short target.
- Book Profits.
- watch for 1/18 entire day, how the price reacts to the supply zone.
- Open short position if it breaks the supply zone with strong volume.
- 2nd target for the short position = 8200.
- since it is testing the support zone for the 3rd time, expecting it to reverse up from here.