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sudhannayak

Nifty Morning Trade setup I have

Long
Nifty 50 Index (NSE:NIFTY)  
sudhannayak Updated   
NSE:NIFTY   Nifty 50 Index
Technical Indicators Chart Patterns Trend Analysis NIFTY
3
2
indicator chartpattern trendanalysis nifty
Nifty Morning Trade setup I have
Comment:
Friends, you can see the setup for which i was waiting

A Symmetrical triangle.

What is a symmetrical triangle and how to take benefit from it ?

It can go breakout or breakdown. And we are supposed to see it's direction and can put pending orders based on it.
Comment:
There is a trend line red color out from the triangle.


Till the price is above it, we are safe and go long till our target.
If it comes below it, careful and cautious.
Comment:
Trail stoploss to 11634
Trade closed: target reached:
Target reached.

entry from 596 till 634.

38 Points profit.

Good friends
Trade closed: target reached:
We reached the target, before 2 points to target we closed.
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