NSE:NIFTY   Nifty 50 Index
there are two ABCD reversal patterns one at 10971 another at 11112. XABCD also forming at 11098
There is also a resistance around 11100

In hourly it has given a breakout. So my trade would be -

Buy on break of Friday's day high (around 10935) with SL at 10860.
At 10975, either book profit or move SL to cost as it is a potential reversal zone.
If crosses and sustains that level, next stop would be around 11080 - 11100

This is the place to sell with SL at 11250 for 10800

Disclaimer: I am not a SEBI Registered Analyst. This is for educational purpose. Please take position after consulting your advisor.



Comment: had bought CE in the morning.. booked half holding half
Comment: will enter shorts around 11100-11150

Comments

Good One Dude
Reply
Great analysis. The market is in the strong support near 10975.
Reply
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