There could nice bounce in NIfty if the price manages to sustain above point C of this pattern.
The targets and stop loss are mentioned on the chart. Please wait until confirmation to go long. Stop loss to be same as cost, because stop loss for momentum trade could more here.
Below point D price goes to test the demand zone below.
The targets and stop loss are mentioned on the chart. Please wait until confirmation to go long. Stop loss to be same as cost, because stop loss for momentum trade could more here.
Below point D price goes to test the demand zone below.
Trade closed manually:
It didn't go as we expected and went almost to test demand zone.