Nifty 1:1 risk reward is 25400

Jul 3

Hello tradingviewers

presenting for you

NIfty daily price target analysis

as we seen than at the election result day market falls around 2060 point from previous high

and after that successfully close above high at 13-june 2024

so all negativity is behind that day

and that day nifty promise that it goes higher for fresh highs

so the 1:1 risk reward target is aruond 25400 for up coming days


Q- where is the fresh entry in this trend
A- any where near previous top around 23350

Q- what is the stop loss for this current trend
A- closing below 23200 is a stop loss for this trend

Q- what is the Target for this current trend
A- near 25400 where 1:1 risk reward

Jul 3

Note

Disclouser : I am not a Certified registered analysist
this is just my observation for practice and learning purpose of chart reading,
Must take advice from your financial advisor before trade

Jul 3

Note

any related query allow me to answer

if this idea is use full
like and share also follow and comment your thought about this analysis

Jul 6

Note

Jul 10

Note

200 profit ruuning around

Jul 18

Note

500 point profit running accurate

Jul 29

Note

25000 is a new landmark for nifty

Aug 2

Note

nifty high previous day 25075

so around 800 point profit happend at the high point

Aug 29

Note

850 point running

Sep 2

Note

1000 point profit running

target 99% achieved

Sep 12

Note

100% achieved

Sep 12

Trade closed: target reached

100% achieved

Oct 30

Trade closed: target reached

trade closed

Nov 19

Note

support 23338 protected