Nifty Bullish Trade With Strict Stop Loss
Reasons for Trade:
1. Nifty Trading at 0.6 FIB Levels
2. Nifty is at 2024 Elections Breakour Order Block
3. Bullish Divergence in RSI (1hr Time Frame)
4. Nifty is trading at Support Line of Descending Parallel Channel
Suggested Position:
Entry: 23380 + If Nifty Sustains above 23400 Level any bullish Patterns in 15 min or 5 min Time Frame
Stop Loss: 23305
Target: 24000
Note: Donot Trade Options as Nifty is in downtrend
1. Nifty Trading at 0.6 FIB Levels
2. Nifty is at 2024 Elections Breakour Order Block
3. Bullish Divergence in RSI (1hr Time Frame)
4. Nifty is trading at Support Line of Descending Parallel Channel
Suggested Position:
Entry: 23380 + If Nifty Sustains above 23400 Level any bullish Patterns in 15 min or 5 min Time Frame
Stop Loss: 23305
Target: 24000
Note: Donot Trade Options as Nifty is in downtrend
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