SGX Nifty formed resistance around 18000 in daily chart.
Two times it tried to break that resistance level but it failed to sustained & again it is testing that resistance.
Strategy A: -
Time frame: - 1H chart
If nifty open gap up, look for high open. If high open same then sell.
Strategy 2:
Time frame: - 1H chart
Wait for bearish pattern to form near resistance level in hourly pattern. After confirmation we can sell.
Strategy 3: - If it breaks its resistance with high volume then we will be on buy side.
Two times it tried to break that resistance level but it failed to sustained & again it is testing that resistance.
Strategy A: -
Time frame: - 1H chart
If nifty open gap up, look for high open. If high open same then sell.
Strategy 2:
Time frame: - 1H chart
Wait for bearish pattern to form near resistance level in hourly pattern. After confirmation we can sell.
Strategy 3: - If it breaks its resistance with high volume then we will be on buy side.