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LazyBullear
Jul 19, 2020 6:05 PM

Nifty Long

Nifty 50 IndexNSE

Description

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
Prem_Agrawal
Good One Dude
saloni79
Great analysis. The market is in the strong support near 10975.
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