NIfy view as on 19-7-2017 (15 min)
Nifty May be forming B Wave in side that it looks forming a contrating triangle.
Trade Setup
****Ensure that 9932 not breached*****
enter short when nifty Breaches the BD Trend line
Keep SL above Wave E
The minimum Target would be 9780
Trade Setup
****Ensure that 9932 not breached*****
enter short when nifty Breaches the BD Trend line
Keep SL above Wave E
The minimum Target would be 9780
Note
Made Stop Loss sell below day LowNote
Sold Future @ 9900Note
Target Minimum 9853 and maximum 9806(Spot )Note
Since Suspected Contracting triangle changed as Diametric once Planning to exit the short near 9870Note
Book Profit Partial @ 9870 30 Points ProfitTrade closed manually
Booked full Profit @ 9860 as reversal HappenedNote
For Second Lot 40 Pts Profit
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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.
Related publications
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.