As we discussed in our last analysis that it returned back to channel it will be bullish and it gave 2 days back to back bullish momentum. But now we can see its on confusing if it's a breakout or still in the pattern. once its out of the pattern it will be going bullish. by looking at the chart market seems to be sideways for tomorrow.
Reasons:
Verdict:
observe 15 min market and follow case-1 or case-2
Plan of action:
SELL 19500 PE + SELL 19750 CE once bullish momentum gets confirm exit 19750 CE.
Reasons:
- Inverted HNS target is 19800 that has not achived yet. if it opens high it will have a resistance at 19800.
- 19800 is also price action resistance.
- Downside 200 EMA and Price action level will be providing the support.
- RSI is in bullish zone (> 60) but having bearish divergence.
- Trendlines are confusing its not a clear breakout for falling wedge pattern.
- it's having 2 cases: case-1 and case-2. that is marked on the chart.
Verdict:
observe 15 min market and follow case-1 or case-2
Plan of action:
SELL 19500 PE + SELL 19750 CE once bullish momentum gets confirm exit 19750 CE.
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.