NIFTY DOUBLE BOTTOM BREAKOUT ON THE CARDS
SUMMARY:-
*index has created double bottom on hourly chart
*hourly close above 17350 will be first sign to go long
*it doubles from the breakout zone
*used heikin ashi pattern to remove the gap
*lets keep it simple
*16850 is the jan low that will be our stop for longs
NIFTY FEB FUT
BUY@17350(SAFE TRADERS WAIT FOR 10:15 AND A CLOSE ABOVE 17340 IN SPOT)
STOP@17150(FOR PATTERN TRADERS)
TARGET@17570-17730-17920
(WILL ADJUST TARGET LATER)
NOTE:-
*this view is my personal view trade with strict stoploss
*once view may differ from others so trade with solid mind
*once in profit and first target is achieved
*trail your trade to short price so it becomes no profit no loss trade
*do not overtrade
*for more index and stock updates check the link in the signature box below
*longs are active already check out the channel link
*early analysis through link channel
👇👇👇👇👇👇👇👇👇
*index has created double bottom on hourly chart
*hourly close above 17350 will be first sign to go long
*it doubles from the breakout zone
*used heikin ashi pattern to remove the gap
*lets keep it simple
*16850 is the jan low that will be our stop for longs
NIFTY FEB FUT
BUY@17350(SAFE TRADERS WAIT FOR 10:15 AND A CLOSE ABOVE 17340 IN SPOT)
STOP@17150(FOR PATTERN TRADERS)
TARGET@17570-17730-17920
(WILL ADJUST TARGET LATER)
NOTE:-
*this view is my personal view trade with strict stoploss
*once view may differ from others so trade with solid mind
*once in profit and first target is achieved
*trail your trade to short price so it becomes no profit no loss trade
*do not overtrade
*for more index and stock updates check the link in the signature box below
*longs are active already check out the channel link
*early analysis through link channel
👇👇👇👇👇👇👇👇👇
Trade active
TRADE WITH STRICT STOPLOSSTrade closed: stop reached
pattern has negated safe traders can enter above the marked line or above 17430
Note
SAFE TRADERS BUY ABOVE 17430Note
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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.
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.