Tringle pattern on Nifty 50

Feb 7, 2023

Entry level : Tringle pattern formation can be seen on nifty 50 chart 60 minutes time frame. this week might not have breakout and if does price need closed or sustained above 17850.
Target1:-18000
Target2:-18185
Stop Loss:-17675

Feb 8, 2023

Note

Do not fall for this Break wait and closed should be above 17850 and
Target 3:18250

Feb 8, 2023

Trade active

Ride on this trade

Feb 10, 2023

Note

This week might touch 1st Target

Feb 12, 2023

Note

For tomorrow Nifty may take a correction again near 17754-17715 level if does buy more with Stop 17675, and heavy resistance near 200SMA which is 17900 for now. If somehow break and closed above Nifty only take halt near 18285 level.

Feb 15, 2023

Trade closed: target reached

Target 1 Reached next week might touch 18200 level