Double bottom pattern on NIFTY on 25th November

Double bottom pattern formed on 15 min timeframe. You can buy a call option on 18495 and can achieve the target of 18532 if everything goes well. But put strict stop and loss as being NIFTY approaching 52 week high.

stop loss can be put at 18445~

My suggestion would be not to hold your long / short positions by looking at the current market scenarios.

Please do your analysis before investing.


Cheers

Trade closed: target reached:

Took an entry in 18495 and exited on 18530. Hope you all had a profitable day as well.


Have a happy trading