WEEKLY ANALYSIS AND TRADE SETUP- 23 APRIL 2017

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WEEKLY ANALYSIS AND TRADE SETUP- 23 APRIL 2017

Post by AVINASH on Sun Apr 23, 2017 8:57 pm

Last weekly analysis mentioned about fall in lead till the level of 140 odd where we were about to plan trade on confirmation, but at present no good setup to trade in lead.

But we are expecting pull back till 144-145 level where we will take short trade with stop above 150 for target of 135-130 odd.

Trend on monthly and weekly is sideways with broken trend line.
On Daily and 240 min trend is down with down trend line, though on 240 min prices are overextended.


OI analysis is suggesting of huge addition of shorts in system.



Trend Analysis:




OI Data Analysis:




Trade Setup:


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