pankajvw

High reward risk ratio short term timewave trade in Nifty

Long
pankajvw Updated   
NSE:NIFTY   Nifty 50 Index
Hi All!

Look at the setup in the chart. keeping 8225 as a tight stoploss, one can target 8325 on Tuesday. Reward Risk ratio greater than 8. Enter right at the opening on Monday tomorrow.

Methodology used: Timewave. Keep following for further updates on this.

Regards,
Pankaj.
Trade active: Nifty opening at 8259.35 up 15.55 points in line with Timewave study. Go long at ghe opening!
Comment: Downshifting TSL to 8200 NS.
Trade active: Carry the position forward. Nifty totally sideways and stable. Shall upmove tomorrow for the set target.
Comment: This is now being followed at:

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