NIFTY Intraday Trade Setup For 25 Apr 2022

23 เม.ย. 2022

NIFTY Intraday Trade Setup For 25 Apr 2022

Buy-Above 17200
Sl-17150
T-17260 17300 17400

Sell-Below 17140
Sl-17200
T-17060 17000 16950

NIFTY has once again formed a doji candle in weekly TF. Once again the high and low of the candle will be the trigger for next directional move. Above 17415 it will trigger for a bullish move till 17800 and 18000. Below 16800 will be the trigger for next downside move till 16500 and 16150. Its a neutral candle, can break any side.

https://www.tradingview.com/x/Z9yIhmE3/

Coming to Monday's trade setup, we will long above 17200 if a 15 Min candle closes above that. Target will be 17260 and 17300. Above 17320 it will head towards 17400.

For selling if a candle closes below 17150 then short then short for the target of 17060, 17000 and 17950. This is PRZ area so book max here.

In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range. Trade on this range breakout.