BSE Retesting BO Levels with King Candle

11 Şub

BSE aggressive Short trade as it made a king candle and is close to the previous BO levels and closing below 20 DSMA today.

About:
BSE is an Indian Stock Exchange at Dalal Street in Mumbai. The Co. facilitates a market for trading in equity, currencies, debt instruments, derivatives, and mutual funds.

F&O Activity:
Short Buildup in Futures with 6000 CE Gaining Significant OI.

Trade Setup:
It looks like a good 1:2 trade setup, with the recent swing high as a strong resistance zone, the RSI is Trending Down and closed below 20 DSMA, If levels are broken Can test 200 DSMA.

Target(Take Profit):
Around 200 DSMA Levels for Swing & Positional Trader.

Stop Loss:
Entry Candle Low for Swing Trader and Recent Swing High or 20 DSMA for Positional Trader.

📌Thank you for exploring my idea! I hope you found it valuable.

🙏FLLOW for more
👍BOOST if useful
✍️COMMENT Below your views.

Meanwhile, check out my other stock ideas on the right side until this trade is activated. I would love your feedback.

Disclaimer: "I am not SEBI REGISTERED RESEARCH ANALYST AND INVESTMENT ADVISER."
This analysis is intended solely for informational and educational purposes only and should not be interpreted as financial advice. It is advisable to consult a qualified financial advisor or conduct thorough research before making investment decisions.

13 Şub

İşlem aktif

Made Inside Day Today after a failed up move yesterday.

14 Şub

Not

Made a Low of 5066 Today down 2.5%

17 Şub

Not

Up 1.7% Today from Base.
RSI AND MACD Still Weak.

19 Şub

Not

Made a Bullish Engulfing Candle. Up 8%
RSI Above 50.
MACD Trying to Reversal