Get started
abu_bkr

NIFTY - POSITIONAL BUY IDEA BASED ON ANCHORED VWAP

Long
S&P CNX NIFTY INDEX FUTURES (NSE:NIFTY1!)  
abu_bkr Updated   
NSE:NIFTY1!   S&P CNX NIFTY INDEX FUTURES
Trend Analysis Chart Patterns
1
1
trendanalysis chartpattern
Nifty formed a bearish Doji at it's 52 Week high which generally indicates exhaustion of uptrend. So plotting AVWAP on the top of the doji which acted as strong resistance. Today it crossed AVWAP and closed above that which indicates further bullishness. So one can take a long trade here with AVWAP as SL that is 15237.
Trade active
Trade closed: stop reached
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.