Mighty Nifty - July 19 Day Trade!

NSE:NIFTY   Nifty 50 Index
Nifty has formed a descending triangle . Sell below 9830 with the stoploss of 9850. Targets are 9800 and 9780. Buy above 9850 with the stoploss of 9830. Targets are 9870, 9890 and 9910.
Trade active
Trade closed: target reached: 9885
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Levels given are for spot or Future
vanathi PankajGautamHAL
Reply are right..if at all it rises...price may also gt rejected at upper boundary of the triangle..will have to wait and watch.. :)
vanathi nano6yogesh
@nano6yogesh, Sure!
Hi Vanathi.. I can see positive RSI divergence here.. so at least initially it should go up I guess (provided there are no negative cues like yesterday !)
vanathi nano6yogesh
@nano6yogesh, Descending triangle is negative, double bottom like structure is positive :)
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