NIFTY -- THE BREAKOUT TRADE

Uptrend line not broken during down legs;
After much effort close above downtrend line;
BB SMA crossing above 55 EMA;
Price taking support at MAs and trending higher;
Anticipating an up move above 9930

Notes on the chart.
9970 and 9982 are the two other numbers to watch out for.


Trade Safe, stay healthy.
Hit like if this information is useful.

Regards
Bravetotrade

Comment:

Showing strength

Comment:

Might see some reaction from 9970/9980 area.

Comment:

I ll better grab 50 points if see weakness in that area.
Risk averse traders may move SL higher.

Comment:

Took some profit @ 9970

Comment:

I ll trail my SL to 9945 and ride the trend. PA at the psychological 10000 mark would be worth watching for any sign of weakness or strength.

Comment:

I am out

Comment:

It was just short of 10000 mark and held @ 9988. Since then we have been in a kind of range.

A breakout above 9965 can take the index back to 9988 or higher, where we should look for the price action near 10038/10086 -- the zone where it may face resistance.

Comment:

10000 hit
Are we going for higher targets? let's see.

Comment:

Into the upper target and the PRZ