Nifty perfect W pattern Long

Nifty 50 IndexNSE

Description

⋅ Apr 10, 2020 12:50 PM

NSE: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

Comment

⋅ Apr 10, 2020 1:46 PM

Double Bottom reversal pattern

Comment

⋅ Apr 13, 2020 12:39 PM

Entry triggered. Keep Stop loss

Trade active

⋅ Apr 13, 2020 12:41 PM

Entry triggered. Keep Stop loss

Trade closed: stop reached

⋅ Apr 16, 2020 4:48 AM

Comments

sureshcg

⋅ Apr 11, 2020 10:08 AM

maybe its has been perfect setup

chauhankalpesh1

⋅ Apr 11, 2020 4:09 AM

Sir konsa tools he chart pe

Suresh_Chandrasekaran

⋅ Apr 11, 2020 6:51 AM

@chauhankalpesh1, i can't understand your questions. bcoz i don't now Hindi. please write on English. thank you.

Saurabh_Mathur

⋅ Apr 11, 2020 12:01 PM

@candlegainers, which indicator is this in with candle patteren

Suresh_Chandrasekaran

⋅ Apr 11, 2020 12:27 PM

@Saurabh_Mathur, candle patteren is double bottom setup. indicators im using 1. super trand (ST) 2. Awesome Oscillstor (AO) 3. Directional Movement Index (DMI) 4. average true range (ATR) + Bollinger band (BB)