Nifty 50 IndexLong
multiple breakout pattern setup in nifty!
Updated
nifty :
trade setup :
1. buy above 16725
2. keeping stop loss as 16630
on closing basis
3. target expected 17000++
technical reference :
1. cup & handle
2. flag
3. breakout concept
note :
multiple breakout patterns has happened at top,
tripple top resistance breakout also seen.
price breakout has happened both in cup and handle as well as flag pole pattern .
volume peak near price breakout 16710 to 16725 levels can give good target as mentioned in coming week .
30 mins time frame candle taken for case study and trade setup
trade setup :
1. buy above 16725
2. keeping stop loss as 16630
on closing basis
3. target expected 17000++
technical reference :
1. cup & handle
2. flag
3. breakout concept
note :
multiple breakout patterns has happened at top,
tripple top resistance breakout also seen.
price breakout has happened both in cup and handle as well as flag pole pattern .
volume peak near price breakout 16710 to 16725 levels can give good target as mentioned in coming week .
30 mins time frame candle taken for case study and trade setup
Note
16995 highTrade closed: target reached
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