Somanathrout

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

Long
Somanathrout Updated   
NSE:NIFTY   Nifty 50 Index
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.

stay alert
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.