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NIFTY Setting up for a BULL Run

Long
NSE:NIFTY   Nifty 50 Index
Nifty is showing support @ previous Highs as mentioned in the charts.
This looks to be a potential reversal zone.
RSI rising >50 is a good sign. StochRSI is looking to be making a crossover.

This is the earliest signs of reversal, (ultimate confirmation is yet to happen) from the bottom so please keep your positions light. Will update when position sizes can be increased.

SL is marked with the red line ie: 11065
Points of resistence are the green horizontal lines.


This is the daily chart . Give it some time to act.

Date: 9th october 2018
CMP: 11232.

Managing your risk is your own task and I cannot help you with that.

Trade safe and sound
Comment: CMP: 110303. 71 points profit already. keep your positions.
Comment: Green Line touched: 11360. 1.15 percent gain so far.
Trade closed: target reached: Till 7th november the bull market lasted. No one predicted it so early as we did.
5% gain on a single Nifty positional trade. This is the power of charts and following a right strategy.

Enjoy your profits!