Nifty 50 IndexLong
Long Nifty with target of 8650
Double bottom formation finished and broke above the near term resistance. from this point market can retrace back to 8350 or 25 for better entry but create 30% position size of Long at 8400 with stop at 8225.
Trade setup:
30% entry 8400 = Sl 8225 = T 8650
40% entry 8315 = Sl 8225 = T 8650
30% entry 8275 = Sl 8225 = T 8650
Trade setup:
30% entry 8400 = Sl 8225 = T 8650
40% entry 8315 = Sl 8225 = T 8650
30% entry 8275 = Sl 8225 = T 8650
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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.