NIFTY Intraday Trade Setup For 21 Feb 2024
NIFTY Intraday Trade Setup For 21 Feb 2024
Bullish-Above 22220
Invalid-Below 22170
T- 22415 22580
Bearish-Below 22040
Invalid-Above 22090
T- 21860 21650
NIFTY has closed on a bullish note with 0.34% gain today. As per trade setup it tested the buy level but almost at closing bell. It has closed at breakout level near 22200 tomorrow it should give a good momentum in the upside in flow above 22210. 22415 can be immediate target after the breakout and will book max there and from there we need to look for a bearish reversal price structure in 5 Min TF for TSL. Index is following this channel in daily TF. https://www.tradingview.com/x/EJMkargh/
Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes above 22220 then we will long for the target of 22415 and 22580.
For selling we need a 15 Min candle close below 22040. T- 21860 and 21650.
In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range (5MIN). Trade on this range breakout.
==========
I am Not SEBI Registered
This is my personal analysis for my personal trading. Kindly consult your financial advisor before taking any actions based on this.
Bullish-Above 22220
Invalid-Below 22170
T- 22415 22580
Bearish-Below 22040
Invalid-Above 22090
T- 21860 21650
NIFTY has closed on a bullish note with 0.34% gain today. As per trade setup it tested the buy level but almost at closing bell. It has closed at breakout level near 22200 tomorrow it should give a good momentum in the upside in flow above 22210. 22415 can be immediate target after the breakout and will book max there and from there we need to look for a bearish reversal price structure in 5 Min TF for TSL. Index is following this channel in daily TF. https://www.tradingview.com/x/EJMkargh/
Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes above 22220 then we will long for the target of 22415 and 22580.
For selling we need a 15 Min candle close below 22040. T- 21860 and 21650.
In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range (5MIN). Trade on this range breakout.
==========
I am Not SEBI Registered
This is my personal analysis for my personal trading. Kindly consult your financial advisor before taking any actions based on this.
Publikasi terkait
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.