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Nifty Financial Services Index
LongEditors' picks

TECHNICAL PICK NIFTY FINANCE

By AMIT-RAJAN
Updated
Hello friends I am sharing the hourly time frame chart of Nifty Finance and it seems that is trading in a Symmetrical Triangle pattern nowadays with taking a resistance on upper line of triangle and support from the lower line of triangle now it gives a Breakout from upper trendline resistance of the triangle so we can make a long in it for the targets of 19000 AND 19250 levels

TARGET 2-:
snapshot

STOP LOSS-: Close below resistance trendline on same time frame chart

NOTE-: This is not and trade or investment advice. This idea is meant for learning only. Invest your capital at your own risk
Trade active
PRICE TAKE SUPPORT ON TRIANGLE TRENDLINE WHICH EARLIER WAS RESISTANCE BREAK YESTERDAY'S HIGH TOO
snapshot
Note
TARGET ONE ACHIVED BY TODAY'S HIGH, WAS A RESISTANCE BASED TARGET DID NOT CROSSED TODAY IN ONE ATTEMPT
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Trade closed: target reached
TARGET ONE ACHIVED BY TODAY'S HIGH, WAS A RESISTANCE BASED TARGET DID NOT CROSSED TODAY IN ONE ATTEMPT
snapshot
Note
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Trade closed: target reached
TARGET TWO ALSO ACHIVED TODAY
Chart PatternsTrend Analysis
AMIT-RAJAN
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