Nrupen
Short

Looks like Triangle has broken with shift in price volatility

NSE:NIFTY   Nifty 50 Index
Nifty confirmed triangle break with first 15 minute of opening. I think short can be initiated for minimum downside of 8385. Prices are currently retracing to broken line take entry at the end of retrace.
Jan 19
Comment: Downward momentum started
Jan 20
Comment: Intra day traders can exit positions if they want to, positional traders can hold their positions with trailing SL
Jan 20
Comment:
Jan 20
Comment: I think prices should halt at 8353 for some time now, waiting for price to complete its first cycle so that we can add Fibonacci Arcs to them
Gud observation
Reply
Major trend is positive, so I suppose one should wait to reach 8385 and then go long in next series and weekly risk open
Reply
Nrupen rohitladdha
@rohitladdha, From 12th Of Jan Nifty is range bound between 8385 and 8445. Its not yet positive or negative. I am on bearish position since risk on this trade is less and I only prefer taking low risk trades.
Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar Shows How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Help Center Refer a friend Feature Request Blog & News Twitter
Profile Profile Settings Account and Billing Refer a friend My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out