Hi Traders,
Analysis of the day : "Sideways - to mild bullish"
Reason for entry zone:
Reason 1:Price break the low of opening 15 min and took support.
Reason 2: Price bounced with strength bar.
Reason 3: Price consolidated for 2 bars and gave breakout with big bar.
Reason 4: As, today is F&O expiry and the trend was down, we can expect short covering to raise the price.
Analysis of the day : "Sideways - to mild bullish"
Reason for entry zone:
Reason 1:Price break the low of opening 15 min and took support.
Reason 2: Price bounced with strength bar.
Reason 3: Price consolidated for 2 bars and gave breakout with big bar.
Reason 4: As, today is F&O expiry and the trend was down, we can expect short covering to raise the price.
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