k314

NIFTY weekly chart study (once in a lifetime opportunity)

Long
NSE:NIFTY   Nifty 50 Index
Nifty has been finding support at the pitchfork bottom since early 2016.
Buy on dips till 9700 as upside is massive!

Below 9400 this setup becomes invalid
Trade active
Comment: Nifty curves on day chart

Trade active
Comment: Nifty so far making a decent bounce
Trade active
Comment: The support is been broken. We will hold long term bullish view only after Nifty makes a new all time high. Until then we will be looking for opportunities to short
Comment: Nifty finding resistance at the parallel line since Oct 2018
Comment: Nifty moving in alignment with the trendlines so far
Comment: Had published the idea when NIFTY was trading around 10k+

Comments

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