NIFTY - 25000 coming soon?
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 ⚡
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.
Anubrata Ray ⚡
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.