Nifty 50 IndexLong
Trading a midday Reversal on NIFTY
Using PIVOTs, DIY Indicators and Price action to seek confluence and trade.
Step1) COnfirmed Reversal from PIVOT point (Daily Pivot)
Step2) Observed Higher High, Higher Low
Step3) Move above 200EMA confirmed Bullishness
Step4) Use Matrix Series and Ehlers to combine with above view and trade the trend.
Step5) Use the Support and Resistance Levels on DIY indicator for key levels to trail and exit the trade.
Achieved R:R of 1:6 on 21800 CE today
Step1) COnfirmed Reversal from PIVOT point (Daily Pivot)
Step2) Observed Higher High, Higher Low
Step3) Move above 200EMA confirmed Bullishness
Step4) Use Matrix Series and Ehlers to combine with above view and trade the trend.
Step5) Use the Support and Resistance Levels on DIY indicator for key levels to trail and exit the trade.
Achieved R:R of 1:6 on 21800 CE today
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.