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abu_bkr
Feb 15, 2021 7:01 PM

NIFTY - POSITIONAL BUY IDEA BASED ON ANCHORED VWAP Long

S&P CNX NIFTY INDEX FUTURESNSE

Description

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

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