Nifty has been showing strength and buyers steeping in anytime the market has been coming down to 18200-230 levels.
Chart has formed a range between 18200-18342.
18342 is breakout level on the upper side of the range.
We closed at the upper side of the range on Friday.
Any pullback and bounce on support levels of 18287 or 18230 can be bought.
Targets are 18411, 18442, and 18478.
Keep risk managed. Cheers
Chart has formed a range between 18200-18342.
18342 is breakout level on the upper side of the range.
We closed at the upper side of the range on Friday.
Any pullback and bounce on support levels of 18287 or 18230 can be bought.
Targets are 18411, 18442, and 18478.
Keep risk managed. Cheers
Note
Nifty bounced exactly at the level of 18287 in the morning. Entered a Long trade when the second 15m candle closed strongly above the break of range (18200-18342).
TP1 achieved.
Trade closed: target reached
TP2 achieved. 2R win
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.