Opening at 5159.
which is more than Previous day high and also more than Previous day close .
We also opened above HHema ...Clearly bias for the day +ve .
At 10:00 we maintained Day open as Day low ...so break of ORB ( 5159-5185) to upside , should be indication of Long and less risky trade with day Low as SL.
Contradiction to this is to keep in mind the BIg picture , where in day charts 5190 is important number being recent swing High and channel top on hour charts .
that has been acting as stiff resistance till now .
Along with this I see -ve divergence in intraday charts ..which is holding me back to take long calls.
1;30
Prices taking support at yesterday's high ...I feel its a good place to go long . There my SL pops below day low 5159.
which is more than Previous day high and also more than Previous day close .
We also opened above HHema ...Clearly bias for the day +ve .
At 10:00 we maintained Day open as Day low ...so break of ORB ( 5159-5185) to upside , should be indication of Long and less risky trade with day Low as SL.
Contradiction to this is to keep in mind the BIg picture , where in day charts 5190 is important number being recent swing High and channel top on hour charts .
that has been acting as stiff resistance till now .
Along with this I see -ve divergence in intraday charts ..which is holding me back to take long calls.
1;30
Prices taking support at yesterday's high ...I feel its a good place to go long . There my SL pops below day low 5159.
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