Nifty Idea for next week - 02nd Dec to 08th Dec
Nifty broke the November channel as can clearly be seen on the chart. The best trade I can see is to go long for a target of 19024, which will be 1:2 Risk Reward trade for the next week. I will take a bearish trade for the target shown in chart only if Nifty drops and closes in the channel again. Thank you!
Trade closed: target reached
Almost reached target and closed with 1:2 RR.
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