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Nifty 50 Index
Long
Updated

Nifty perfect W pattern

807
NIFTY is making a perfect W pattern on multiple time frames. Its an a positional call holding on 5 to 15 days.

Its forming a double top reversal pattern. Its breaking a neck line almost we can expected move on 1300 points at the level of 10288.

Long above 8949 to 9000 levels
Stop loss 8904
Targets 1 - 9707.5 937.3 1339
Targets 2 - 9975.3
Targets 3 - 10288

Note
Double Bottom reversal pattern
Note
Entry triggered. Keep Stop loss
Trade active
Entry triggered. Keep Stop loss
Trade closed: stop reached
Suresh_Chandrasekaran
Beyond Technical AnalysiscallsChart PatternsdaytradingfutereintradayNIFTYoptionspositionalTechnical AnalysistradingTrend Analysis

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.
Beyond Technical AnalysiscallsChart PatternsdaytradingfutereintradayNIFTYoptionspositionalTechnical AnalysistradingTrend Analysis
Suresh_Chandrasekaran

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.