Sensex - Expiry Day Analysis Nov 6

743
The price faced resistance at 85k and falling from there inside a descending channel. The daily chart shows that the price is having bearish strength. Channel movement is tricky to trade. Observing how the price is reacting at the channel support/resistance is important to take a trade with conviction.
If the price opens a gap up or above the channel resistance, buy above 83760 with the stop loss of 83640 for the targets 83860, 83980, 84060, 84200 and 84360.
If the price faces resistance at the 83500 to 83600 zone and if it shows bearish strength, sell below 83500 with the stop loss of 83640 for the targets 83400, 83260, 83120, 83020, 82900 and 82780.
Expected expiry day range is 83100 to 83900.
Always do your analysis before taking any trade.
노트
The price is testing the channel resistance. 스냅샷
노트
Moving along with the channel resistance. 스냅샷

면책사항

해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.