The_RedTicker

Intraday Risk/Reward Play on NIFTY for 22NOV,19

The_RedTicker Updated   
NSE:NIFTY   Nifty 50 Index
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Like always, Copy the Zones and trade on a 3mins time frame.

Dont be a Bull. Dont be a Bear. Be a Hare.

Check historical ideas on profile.
Comment:
practically we should buy right now, but there are no signs of divergence. will wait for that. Also overall view is on the buying side while nifty in the EX_LZONE. (confidence low as many stocks individually are breaking down)
Trade active:
8/9 points sl
Comment:
BUY* with sl below zone
Comment:
If it crosses the green trendline and closes above 11962-3, 1:2 is the least expectation

Comment:
Price action AT ITS BEST. Now if only niftybank holds.

Comment:
update your sl to 11940. (STRICT SL). its trying to break out of the zone but unable to. This is kind of a good shorting opportunity too.
Trade closed: stop reached

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