Bullish Nifty
Updated
Nifty has reached it's all time high!
*Trade Confirmations*
○ Breakout with good volume
○ Big green candle during the retest.
○ Ascending triangle pattern formation.
○ Retest is most important time.
○ Taken support in the exact intersection of resistance and support.
○ Nifty could reach 15800 all time high in a short term period
○ Risk to reward ratio is 1.2 and it's great!
*Trade setup*
○ Target - 15800 (Even 16000 with extra risk)
○ Stop loss - 15390
Thank you for viewing my ideas and analysis
Let me know through the comment section if you have any doubts or feedbacks.
All the best! Happy trading/investing :)
*Trade Confirmations*
○ Breakout with good volume
○ Big green candle during the retest.
○ Ascending triangle pattern formation.
○ Retest is most important time.
○ Taken support in the exact intersection of resistance and support.
○ Nifty could reach 15800 all time high in a short term period
○ Risk to reward ratio is 1.2 and it's great!
*Trade setup*
○ Target - 15800 (Even 16000 with extra risk)
○ Stop loss - 15390
Thank you for viewing my ideas and analysis
Let me know through the comment section if you have any doubts or feedbacks.
All the best! Happy trading/investing :)
Trade closed: target reached
Note
Exactly target achieved. 15800 target achieved and then it faced huge resistance.
It did not go even a single point higher than my target.
Trade closed: target reached
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.