Long

Nifty 50 daily in a Parellel Channel

Updated

hello traders friend
Nifty 50 daily create a Parallels Channel
around 1000 point channel for upcoming days

buy nifty around 19300
stop loss 19100
target 20400

for a upper channel target

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i am not a Certified registered analysist
this is just my observation for practice and learning purpose of chart reading,
Must take advice from your financial advisor before trade

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thank you for reading my idea
if found any related query allow me to answer

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risk reward is very much favorable for buyers

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200 point profit running in this trade

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continious two days mkt back to back zoom with gap up

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short term chart its a perfect reversal point
be alert

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400 point profit running for now in this trade after post

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continuous up on 2 weekly

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previous day support taking from upper trendline

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new 15 range for nifty

Trade closed: target reached

sk_4587

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