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Somanathrout

long above 10830 on a four hour candle close for target of 10896

Long
Nifty 50 Index (NSE:NIFTY)  
Somanathrout Updated   
NSE:NIFTY   Nifty 50 Index
Harmonic Patterns Trend Analysis Chart Patterns
1
0
harmonicpatterns trendanalysis chartpattern
as we can see nifty resistance trendline has become support trendline and it is moving towards a high confluence zone in a bullish trend.last whole week its trying to break 10830 with a support of 10700. this week a breakout possible, but at any situation stoploss to be 10780 for long positions.nifty is expected to test 10895 on the upper side and target 2 will 11095.
Comment:
target 1 achieved. Trail stoploss to 10848 for target 10935.
Comment:
exit, stop loss triggered
Comment:
nifty might test 10806.

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