Long

NIFTY buy setup - broadening wedge bounce

Updated

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.

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