NIFTY yet another 117 pts opportunity (1:3 Risk reward)
I see a clean breakout in NIFTY the last 30 min's, normally i dont work with less than 30 min's time frame as they are not reliable to me, but these days due to high volatile i'm using 15 min's time frame limited to NIFTY index alone. So that the risk is minimal.
After a grinding sideways NIFTY sustained and closed above Previous Day High and Previous Day Closing thats a good sign.
Looking at the BANKNIFTY and NIFTY breakout in the last 30 min's i'm hoping we may touch 10500+ level Monday.
1:3 Risk reward
CMP : 10383
(Consider entering 10360 to 10383 so the risk will be good) if any gap up above 10400 please wait until retouching
SL : 10350 (Must as pattern is invalid below this level)
Target : 10500
(Trailing targets : 10466, 10523)
After a grinding sideways NIFTY sustained and closed above Previous Day High and Previous Day Closing thats a good sign.
Looking at the BANKNIFTY and NIFTY breakout in the last 30 min's i'm hoping we may touch 10500+ level Monday.
1:3 Risk reward
CMP : 10383
(Consider entering 10360 to 10383 so the risk will be good) if any gap up above 10400 please wait until retouching
SL : 10350 (Must as pattern is invalid below this level)
Target : 10500
(Trailing targets : 10466, 10523)
Order cancelled:
Dint get chance to enter, market gap down and dint come to our level to enter.