Nifty Long / short View
Updated
We had a breakout from Bullish Flag earlier but now can see consolidation, forming a bullish rectangle kind of pattern.
Positional view
No trade inside the rectangle. Black rectangle for additional security.
If we get a breakout above 15970/16000 levels long for targets of 16280/16488/ 16600
But if price falls below 15560 and 15440 then we have a short trigger for lower targets of 15180/ 15000 and 14884
Positional view
No trade inside the rectangle. Black rectangle for additional security.
If we get a breakout above 15970/16000 levels long for targets of 16280/16488/ 16600
But if price falls below 15560 and 15440 then we have a short trigger for lower targets of 15180/ 15000 and 14884
Note
All long targets achieved. 16600-16780 range is now resistance.Can book longs or trail for higher targets
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