harsimran.ca.10
Long

False Breakout, Bears Trapped..! Now 11000 Coming..!!

NSE:NIFTY   Nifty 50 Index
Diamond Pattern Modified. Support Line (White) drawn from the Nifty Low of 10000 made on 26th October and touching other lows that price made during contraction towards the Diamond Apex.

On 14th Jan Monday.. What we witnessed was a False Breakout on Downside. Price Broke 10700 level in Intraday but bounced back in later half to close above the support line.
Today (15th Jan) price broke out of the triangle/diamond with heavy volumes, sustained above and also closed above. Aggressive short covering was witnessed in Nifty Futures as well As Options. Fresh Longs are built. This Breakout looks true and any dip should be bought from here.

Trade Setup:-

Spot - 10886
Buy On Any Dip Till 10820

SL - 10740 on day closing basis

Targets - 10880 / 10930 / 10980 / 11030++
Home Stock Screener Forex Screener Crypto Screener Economic Calendar Shows How It Works Chart Features Pricing House Rules Pine Wizards Moderators Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Help Center Refer a friend Feature Request Blog & News Twitter
Profile Profile Settings Account and Billing Refer a friend My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out