KumarAbhilash
Long

nifty trade setup for 17th may

NSE:NIFTY   Nifty 50 Index
170 5 6
buy setup sl 9490 for 9570
Trade closed: target reached
Different views! Different Targets! Appreciate!
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hello @KumarAbhilash . I am new to stock trading, Can I know why did you tell the profit zone to be 9570? and do you support the uptrend since there is a breakdown of the support line?
Thank You
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KumarAbhilash nikhil684
@nikhil684,
sir if we draw trend based fib extension by using point 1,2,3 on hourly chart we find a target of 9570(which can act a hurdle)
so for intraday trade we can see a hurdle there but it doesnt mean that nifty will for sure fall from there .it might or it might now going and sustaining above that we can see a target of 9650 and above

through flag pattern theory we can expect 9650
so point is there r n no of ways to trade u need to identify which one suits u or which is in ur comfort zone. whatever u do, it should b logical
regards
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nikhil684 KumarAbhilash
@KumarAbhilash, thank you, sir. thanks a lot.Hoping to learn more from you :)
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KumarAbhilash nikhil684
@nikhil684, ur welcome sir , we all r learning ;-)
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