Learner_

Nifty - semaphore / expanding wedge pattern ? 15th - Trade setup

Long
NSE:NIFTY   Nifty 50 Index
Nifty after consolidating in a range for 3 days gave a downside breakout. DOW yesterday gave an upside triangle breakout and forming an expanding wedge pattern that denotes extreme volatility

It is in all possibility Nifty to follow the DOW pattern today

Trade setup provided on charts

Pls do keep a watch on SL levels 10689 - below it - the hypothesis stands false

Happy Trading
MSK
Trade closed: target reached: target 1 achieved but the AGM provided opportunity for short sellers to take control

the overall sentiment still remains bullish for this expiry
Comment: Check how beautifully the semaphore pattern has shaped up for Nifty - 11k looks quite feasible now

Happy Trading

MSK
https://t.me/msk_bnf

Learning is a continuous process - 8 out of 10 trades will always teach you something new , so learn something that helps and unlearn few things to be more efficient