NIFTY - ABCD Pattern in progress

NSE:NIFTY   Nifty 50 Index
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
Trade active: inching towards target
Trade closed: target reached

Happy Trading


Learning is a continuous process - 8 out of 10 trades will always teach you something new , so learn something that helps and unlearn few things to be more efficient

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