k314

Nifty buy setup

Long
NSE:NIFTY   Nifty 50 Index
Buy Nifty above 10245

T1: 10350
T2: 10420
T3: 10600

SL: 10160
Comment: This support zone marked between 10140-10180 on weekly chart is difficult to break.
On careful observation we can see that between early AUG to mid OCT 2017 there were several attempts to break this range upwards. Once broken this range was tested several times between mid OCT and mid DEC 2017 downwards. But it was intact. It would be a tough task for bears to break this range.
Trade active
Trade active: Made a high of 10342.35 and missed T1: 10350 by almost 7+ points!
Maintain SL at cost or in profit zone as we are already in good profit and never let this trade turn into a loss.
Trade management should be followed
Trade closed: target reached: .
T1: 10350 achieved. Maintain SL at cost
it was a smooth ride for a 1st target of 105 points!
Trade closed: target reached: .
T2: 10420 achieved
Maintain save profit at 10290

Comments

Also, Option Chain suggests Bulls providing strong support at 10000 levels... 10000 levels is a strong support zone, difficult to break...
+1 Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar About Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter