CMP: 5318
Weekly T/F
1. Candles:If one sees the latest 2 Wkly candles, you can observe the TUSSLE between BULLS & BEARS @ the 5300-5330 zone
2. TRENDLINES: Below 5300, the Wkly TL gets broken & will open DOWSIDE TGTs of
Tgts : 5145 / 5083 / 5060 on WEEKLY T/f
3. EMAs: Weekly Price is trading below 5WkEMA & will seeks out 5WkLEMA @ 5244
Week's Supports : 5060-5083 / 5145 / 5244
Week's Resistances : 5333 / 5363 / 5425
DAILY T/F
1. Candles:
THREE BLACK CROWS formed on EOD charts (Bearish)
2. TRENDLINES:
EOD Trendlines support @ 5260
Days's Supports : 5260 / 5280
Day's Resistances : 5333 / 5358
SMO SAR VERDICT :
1. C1 & C2 Triggered for SMO SAR, ENTRY FOR SHORT TRADE
As said on friday, Short on price trade below 5360 ,
Q: Where to Exit ?
Ans:
(i) 50% shorts to be Booked @Daily T/L support @ 5260 ,
(ii) Balance 50% to be carried with TSL as change in 5DEMA (if close above 5360 for tomorrow)
cheers
Weekly T/F
1. Candles:If one sees the latest 2 Wkly candles, you can observe the TUSSLE between BULLS & BEARS @ the 5300-5330 zone
2. TRENDLINES: Below 5300, the Wkly TL gets broken & will open DOWSIDE TGTs of
Tgts : 5145 / 5083 / 5060 on WEEKLY T/f
3. EMAs: Weekly Price is trading below 5WkEMA & will seeks out 5WkLEMA @ 5244
Week's Supports : 5060-5083 / 5145 / 5244
Week's Resistances : 5333 / 5363 / 5425
DAILY T/F
1. Candles:
THREE BLACK CROWS formed on EOD charts (Bearish)
2. TRENDLINES:
EOD Trendlines support @ 5260
Days's Supports : 5260 / 5280
Day's Resistances : 5333 / 5358
SMO SAR VERDICT :
1. C1 & C2 Triggered for SMO SAR, ENTRY FOR SHORT TRADE
As said on friday, Short on price trade below 5360 ,
Q: Where to Exit ?
Ans:
(i) 50% shorts to be Booked @Daily T/L support @ 5260 ,
(ii) Balance 50% to be carried with TSL as change in 5DEMA (if close above 5360 for tomorrow)
cheers
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