(Intraday) Big Bull! Soon on Nifty..

Oct 25, 2020

1. Nifty is forming Ascending Triangle Formation

2. On Drawing the ABCD Pattern from the recent Low and High on Nifty.

3. The Price recent retraced to the 61.8%.
if
D=1 ,reversal Point at 12016(Triple Top)
D=1.28 ,reversal Point at 12087
D=1.61 ,reversal Point at 12160

4. RSI looks Positive.
5. Buy Above 11960 Target: 11990 , 12016
(12000 Strike Price Major Resistance as on Option Chain Open Interest).Stop Loss :11930

Oct 26, 2020

Order cancelled

Please don't activate this trade as major trend line broke on the 5mins chart of nifty