Traders could buy a stock when its price breaks above the upper channel line of an ascending channel. With same possibility i have traded channel breakout on monthly expire trade.
If you're looking for a potential short trade setup in Nifty, using price action analysis could be a useful approach. By analyzing the price movement on the charts, you can identify key levels and patterns that may indicate a potential trend reversal or pullback.
One possible short trade setup could be to wait for a bearish candlestick pattern to form at a key...
As i had already explained on last Friday Youtube video. We will see a fall/selling/profit booking on Monday (13-Feb-2023) and after that we will again see a bullish movement up-to 18100 (next supply zone).
Means 2-3 day Nifty will be bullish and price will try to reach up-to supply zone.
