Hello friends I am sharing the hourly time frame chart of Nifty Finance and it seems that is trading in a Symmetrical Triangle pattern nowadays with taking a resistance on upper line of triangle and support from the lower line of triangle now it gives a Breakout from upper trendline resistance of the triangle so we can make a long in it for the targets of 19000 AND 19250 levels
TARGET 2-:
STOP LOSS-: Close below resistance trendline on same time frame chart
NOTE-: This is not and trade or investment advice. This idea is meant for learning only. Invest your capital at your own risk
TARGET 2-:
STOP LOSS-: Close below resistance trendline on same time frame chart
NOTE-: This is not and trade or investment advice. This idea is meant for learning only. Invest your capital at your own risk
Trade active:
PRICE TAKE SUPPORT ON TRIANGLE TRENDLINE WHICH EARLIER WAS RESISTANCE BREAK YESTERDAY'S HIGH TOO
Comment:
TARGET ONE ACHIVED BY TODAY'S HIGH, WAS A RESISTANCE BASED TARGET DID NOT CROSSED TODAY IN ONE ATTEMPT
Trade closed: target reached:
TARGET ONE ACHIVED BY TODAY'S HIGH, WAS A RESISTANCE BASED TARGET DID NOT CROSSED TODAY IN ONE ATTEMPT
Comment:
Trade closed: target reached:
TARGET TWO ALSO ACHIVED TODAY
