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.
Comment: Downward momentum started
Comment: Intra day traders can exit positions if they want to, positional traders can hold their positions with trailing SL
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
Major trend is positive, so I suppose one should wait to reach 8385 and then go long in next series and weekly risk open
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.
EN English (IN)
EN English
EN English (UK)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out