WEEKLY ANALYSIS AND TRADE SETUP- 16 APRIL 2017

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WEEKLY ANALYSIS AND TRADE SETUP- 16 APRIL 2017

Post by AVINASH on Sun Apr 16, 2017 11:49 pm

Previous analysis pointed towards the short bias but we have initiated short trade aggressively as
trend line on 240 was changed to up but this hit stop.

Then we have initiated short trade after breaking important support at 175 but again stop is triggered and we are falling nicely. Rolling Eyes

Now 166 level is offering some support which in conjunction of broken trend on 240 min is basis to expect that price may
retrace to 175 to 178 level where we will initiate short trade for target of 160 to 150 level.

Trend on monthly is now sideways with broken trend line with weekly also having same setup.
Daily and 240 min is down with broken trend line on 240 min.


OI analysis is suggestive of long unwinding.


Trend Analysis:




OI Data Analysis:




Trade Setup:

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AVINASH
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