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Nifty 50 Index
Long
Updated

NIFTY buy setup - broadening wedge bounce

416
Buy Nifty at CMP (10625)

T1: 10720
T2: 10770
T3: 10840

SL: 10580
Trade active
Note
Conservative traders can book partial profit at CMP 10700
Trade closed: stop reached
Booked 75 points loss at 10550 after booking partial profit at 10700 in the previous trading session
Note
One can wait for a lower trendline re-test around 10600-10620 and take short position after a reversal confirmation on hourly chart.
k314
Chart PatternsTechnical IndicatorsNIFTYnifty50Trend Analysis

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Chart PatternsTechnical IndicatorsNIFTYnifty50Trend Analysis
k314

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.