Trade setup for Friday

KRV FinMart September 27, 2024
0 Comments

Instrument: MidCPNifty

Market Structure:

Uptrend / Bullish: Above 13332

Sideways / Rangebound: Between 13301 & 13221

Downtrend / Bearish: Below 13164

Area of Value (AOV):

Pivot R1break or Camarilla Pivot H4 break for Uptrend

Entry Trigger:

At AOV with any Bullish Candlestick pattern or at 20/50 EMA break for Uptrend.

Exit Trigger:

Target:

  • At Camarilla Pivot H5 or Swing High or 20/50EMA break or for Uptrend.

Stoploss:

  • 1:2 RR (Risk to Reward ratio) or 1 ATR beyond the AOV or 20/50EMA break for any Market structure.

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Categories: Market Analysis, PreMarket Analysis

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