Nifty 50 Index
Long

Nifty 50 Trendline Breakout โ€“ Retest Buy Setup

70
๐Ÿ“Œ Trade Setup:
โœ… Entry (Buy) Zone:
Buy on retest: Around 23,750โ€“23,850 (previous resistance and breakout zone).

Aggressive buy: Market price at 23,849, but risk-reward is slightly unfavorable here.

๐ŸŽฏ Target (Short-term Swing):
Target 1: 24,200 (minor resistance)

Target 2: 24,800 (next major swing high zone)

๐Ÿ›‘ Stoploss:
Conservative: Below 23,000 (safe below breakout and 50 EMA)

Aggressive: Below 23,200

for educational purposes only

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.