koolshanin

NIFTY a possible following knife trade

NSE:NIFTY   Nifty 50 Index
NIFTY suffering at bears hand is seeing chopping uptrend like traveling through staircase and trending downtrend like traveling through elevator. This analysis is a very short term analysis where a possible gartley pattern can be formed. Here the key word is “CAN” and its not “WILL”. So trade with caution its more like catching the falling knife but in this case we have calculated knifes velocity and also have first aid ready. But, still catching a falling knife and trading the reversal can hurt.

Entry: if buying is seen near 10351 can long with sl 10276, TGT 10595 and TSL the rest.

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