Mighty Nifty - Analysis for Dec 19

Updated

Price is near the trend line resistance. Buy above 18280 with the stop loss of 18250 for the targets 18310, 18340 and 18380. Sell below 18220 with the stop loss of 18250 for the targets 18190, 18160 and 18130.

Note

Stron resistance is forming at 18300.

Trade active

Long, shifting stop to 18265.

Note

t1 done.

Note

t2 done.

Note

Trial from here.

snapshot

Trade closed: target reached

All targets done.

snapshot

Role I play here : Moderator.

Also on:

Related publications

Bank Nifty - Weekly Review Dec 19 - Dec 23

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.