Bullish FVG has been mitigated by today but still there is some Order gaps are there.
Market Outlook: The analysis is bearish, anticipating a further decline in the Nifty 50. The current price is at 24,712.05.
Trading Strategy: The plan is to initiate a short (sell) trade. The strategy is to wait for the price to first retrace upwards, targeting a "Fair Value Gap" (FVG) left by prior price action.
Key Levels:
Entry: The optimal entry point for a short position is within the FVG zone, specifically between 24,850 and 24,900.
Stop-Loss (SL): To manage risk, the stop-loss should be placed just above this resistance area, at 24,950.
Target (T1): The primary profit-taking target is a strong support level at 24,400.
Market Outlook: The analysis is bearish, anticipating a further decline in the Nifty 50. The current price is at 24,712.05.
Trading Strategy: The plan is to initiate a short (sell) trade. The strategy is to wait for the price to first retrace upwards, targeting a "Fair Value Gap" (FVG) left by prior price action.
Key Levels:
Entry: The optimal entry point for a short position is within the FVG zone, specifically between 24,850 and 24,900.
Stop-Loss (SL): To manage risk, the stop-loss should be placed just above this resistance area, at 24,950.
Target (T1): The primary profit-taking target is a strong support level at 24,400.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.