NIFTY - ABCD Pattern in progress

msk_analysis Updated   
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


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