A Breakout with good volume has happened in NIFTY 50 INDEX.
The breakout is has happened in weekly Time Frame 😱😱.
A Big target of 29400 is available to be achieved🎯
SL will be below the Handle's Low on sustaining Basis.
A better entry could be the one after retracement💡. As there are high chances of retracement from here as the price is very near to lifetime high.
One should always be cautious with the trade as the time is weekly. And, there can be many factors which can become hurdle like War, Tariff War, US economic bubble burst leading to crash etc etc.
However, entry target and SL are also mentioned in the chart.
Subscribe to my YouTube Channel for more details and more analysis.
Note: This analysis is for Educational Purpose Only. Please invest after consulting a professional financial advisor.
The breakout is has happened in weekly Time Frame 😱😱.
A Big target of 29400 is available to be achieved🎯
SL will be below the Handle's Low on sustaining Basis.
A better entry could be the one after retracement💡. As there are high chances of retracement from here as the price is very near to lifetime high.
One should always be cautious with the trade as the time is weekly. And, there can be many factors which can become hurdle like War, Tariff War, US economic bubble burst leading to crash etc etc.
However, entry target and SL are also mentioned in the chart.
Subscribe to my YouTube Channel for more details and more analysis.
Note: This analysis is for Educational Purpose Only. Please invest after consulting a professional financial advisor.
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.
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.