rachanak

BUY NIFTY ON NECKLINE BREAK OF CUP & HANDLE + H&S

Long
NSE:NIFTY   Nifty 50 Index
BUY ABOVE 13020
WITH STOP 12933
T1 - 13080
T2 - 13135
T3 - 13160

REASON - CUP AND HANDLE + INVERTED HEAD & SHOULDER PATTER HAVING COMMON NECKLINE
BASED ON NECKLINE BREAK CONCEPT ABOVE TRADE CAN BE INITIATED

ALSO LOOKING INTO
OPEN INTEREST ANALYSIS :-

MAX PAIN @ 13000
SUPPORT LEVELS - 12900 & 12800
RESISTANCE LEVELS - 13100 & 13200

RANGE BECOMES - 12800 TO 13200

disclaimer - @ your own risk
Trade active: NIFTY IN PREMIUM
FUTURE MAKING NEW HIGH πŸ’¨πŸ’¨πŸ’¨πŸ’¨πŸ’¨πŸ’¨πŸŽ―πŸŽ―πŸŽ―πŸŽ―πŸŽ―πŸŽ―πŸŽ―πŸŽ―
Comment: INCHING TOWARDS 1 ST TARGET 🚦🚦🚦🚦🚦🚦🚦
Trade closed: target reached: TRADERS WHO ENTERED CAN CLOSE @ 1ST TARGET MET HERE
OR TRAIL STOP ABOVE COST
ENJOY PROFIT
πŸ’ŽπŸπŸ’ŽπŸπŸ’ŽπŸπŸ’ŽπŸ

Comments

For me it is somewhere need to consolidate around 12000-12300 range before aiming 13100+ again
+1 Reply
rachanak kskanth32
@kskanth32, nice to read your views sir - lets c whats in store for dec series
Reply
kskanth32 rachanak
@rachanak, hehe... no chance given .. 12800 took support... and it had a good ride ... Nice analysis btw... Cheers
Reply
rachanak kskanth32
@kskanth32, πŸ‘πŸ‘πŸ‘πŸ‘πŸ˜Š
Reply
for me it looks like correction already started and wave A in progress. given below bank nifty elliot wave . nifty waves as well in synch with this.

Reply
rachanak RaviPolavarapu
@RaviPolavarapu okk πŸ‘ πŸ‘
Reply
Strong bullish trend
Let us wait for next day opening session. Draw, vwap and see whether it is up or down!
Reply
rachanak MarimuthuSuppaya
@MarimuthuSuppaya yes sure πŸ‘
Also need to see will there be any negative effect of margin changes Dec ownwards..
Reply
Will Nifty touch 13000 levels again in Dec 1st week ?
Reply
rachanak gvrdhn08
@gvrdhn08 yes it can
Sale pressure from 12990 can come, but if it's breached with volume support 13000-13020 1st post which 13040 for me will b another resistance
Overall I do feel it's possible just bcoz if u look into higher time frames 4H,D,W to me it's strong bullish
Let's c what happens
Reply
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