gulz

NIFTY - BUY SETUP WITH SMALL RISK

Long
gulz Updated   
NSE:NIFTY   Nifty 50 Index
Hi,

Please refer chart for details .

As the A leg looks impulsive & price action seems supportive at fib 61.8% retracement level, we can look for a long opportunity with minimal risk,

Target level will be Fib 1 & 1.618 times of leg A against B Point ( previous swing low).

Ideal stop would be below Origin ( i prefer to trade it by keeping stop just below B)

Trade with care,
Gulz
Trade closed: stop reached

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