NIFTY - ABCD Pattern in progress
Updated
Refer charts Nifty looks to be forming ABCD pattern
in addition on Friday, it has crossed 200 DMA , that will give some bullishness in the coming sessions
Trade setup - once the price sustains above point B on chart in a 30 min candle, can go long with point B on chart as SL
P.S - Take an entry only after initial noise of the market settles, usually in starting 1 hr, too early entry may take your SL in case of whipsaw
Happy Trading
in addition on Friday, it has crossed 200 DMA , that will give some bullishness in the coming sessions
Trade setup - once the price sustains above point B on chart in a 30 min candle, can go long with point B on chart as SL
P.S - Take an entry only after initial noise of the market settles, usually in starting 1 hr, too early entry may take your SL in case of whipsaw
Happy Trading
Trade active
inching towards targetTrade closed: target reached
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