Entry -28600 .
STOP LOSS - 28000 (2%)
PROFIT - 32500 (13.6%)
The chart is self explanatory, one can enter with the logic shown in the charts.
Thank you.
As we can see, in the past NIFTY has taken support from that same Ascending Trend Line multiple times,
taking support and moving up at least 10%, we can see that from S1, S2, and S3.
The Risk is minimum.
Stop loss(below Trend Line{TL}- a strong close of candle below TD) and the reward is 17000 mark.
Our key principles:-
> We will only enter a trade when we are...
Trade Plan with all the Logic
Here we are going by logical analysis using weekly CPR, Symmetrical Triangular Breakout and Fibonacci Retracments.
we are using weekly CPR to know Support and Resistance zones,
we are also discussing the tradeplan.
The price is in the consolidation zone for a long time,
we will wait for the price to come under our radar, till then we will wait patiently.
This analysis is just for educational purposes.
If any doubt feel free to reach.
Thank you.
Previously on UPL we noticed static Downtrend from the level of 673 and that Downtrend continued for a bit long.
Currently we are expecting the same Downtrend will continue for next 2-3 days as par our Technical and Statistical Analysis.
Enter into the market after the clear trend defined into 5 Min Time frame and wait until formation of 2...
