Nifty 50 IndexLong
NIFTY - 25000 coming soon?
Updated
Overview & Observation:
1. Channel breakout after a long consolidation.
2. Volumes are not looking great.
3. Bounced from 200 DEMA.
Trade Plan:
1. RRR is unfavourable.
2. A risky long position can be planned with a 5% SL and 7% target.
3. Stop Loss below 50 DEMA on closing basis.
- Stay tuned for further insights, updates and trade safely!
- If you liked the analysis, don't forget to leave a comment and boost the post. Happy trading!
Disclaimer: This is NOT a buy/sell recommendation. This post is meant for learning purposes only. Please, do your due diligence before investing.
Thanks & Regards,
Anubrata Ray
1. Channel breakout after a long consolidation.
2. Volumes are not looking great.
3. Bounced from 200 DEMA.
Trade Plan:
1. RRR is unfavourable.
2. A risky long position can be planned with a 5% SL and 7% target.
3. Stop Loss below 50 DEMA on closing basis.
- Stay tuned for further insights, updates and trade safely!
- If you liked the analysis, don't forget to leave a comment and boost the post. Happy trading!
Disclaimer: This is NOT a buy/sell recommendation. This post is meant for learning purposes only. Please, do your due diligence before investing.
Thanks & Regards,
Anubrata Ray
Trade closed: target reached
Tp Hit in just 5 weeks...✅Despite the market was volatile it was a smooth ride!✌️
⚡It had almost hit the TSl on the budget day but later recovered.💚💚💚
Anubrata Ray ⚡
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