Trend - Negative
Strength Strong
CMP - 8,031.95
Breakdown Level - 8,014.30
Support - 7,739.50
Resistance - 8,495.00
Disclaimer : This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
Strength Strong
CMP - 8,031.95
Breakdown Level - 8,014.30
Support - 7,739.50
Resistance - 8,495.00
Disclaimer : This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
Comentário:
The price bounced from the support level.
But the price has failed to close above the resistance level.
Now we need a confirmation candle.
But the price has failed to close above the resistance level.
Now we need a confirmation candle.
Still we are in a strong downtrend.
Now the level of 7740 is very important to consider.
This level could act as a strong support.
Wait for the price to settle down on these levels.