We had a narrow range movement for the past two days, especially on Friday afternoon session, price moved in a line formation.
Pattern : Consolidation.
Range : Medium.
Trend strength : Normal.
Buy Above : 49800.
Stop Loss : 49720.
Targets : 49880, 49960, 50040, 50160 and 50280.
Sell below : 49600.
Stop Loss : 49680.
Targets : 49540 ,49460,49340, 49260 and 49120.
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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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