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
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
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