varadtambolkar

Box Breakout Awaited / NIFTY 50

NSE:NIFTY   Nifty 50 Index
All observations on chart.

The big green candle has closed outside the box, but will wait for further few candles.
on 30 min chart nifty has formed 3 back to back green candles & on 15 min chart has formed 4 back to back candles.

Chances of Up move are higher. If sustains outside the box this can move till 15160/15240 /15320
Comment: After a Gap up.
Current level look good to go long
Trade closed: target reached: All targets Hit!

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