WILL LOKE TO SELL NIFTY TOMORROW , BEST IF IT OPENS IN POSITIVE NOTE
caution... ALL ARE MY PERSONAL VIEWS AND IS JUST TO TEST MY SKILLS and analyse myself and have nothing to do with anyone making a loss and profit ...its their hard work and good luck!!!
WOCKPHARMA, We got crossover confirmation in buying zone, even though a beautiful triangle and looks soon to be breakout with heavy volume, once it break and sustain and close above or near to 622-625 range, we can buy for short term or long term period for target 650 - 655 range & 700 range.
buy around 86.3 sl 84 target1 87.75 target 89.45 target3 91.90
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A Bullish Gartley pattern is developing on Aban -0.47% Offshore Daily Charts .
Potential Price reversal zone will be
1.13BC = 211.5
The PRZ zone is only a guideline of where we will be paying attention for trade setups and opportunity's.
Note : Daily Trend line shown as red color.
Stop loss would be placed below X leg structure support ....
I love to trade breakouts because of the amazing risk reward ratio they provide.
Even if we are wrong half of the time, we will still end up in profit.
So, here, Nifty has given a breakout above the 8462 line.
So strategy, would be long Nifty ( CMP : 8476 ) .
SL - 8462 ( 14 point risk as of now )
Target - 8616 ( 140 points reward as of now )...
Spot nifty trade at 8681.4 (-28.20) (-0.32%) at the time of writing, according to me strong weak below 8683, we expect it is likely to take support at 8600, if price move below 8600 then might be take support at 8540.
* It's my view only trade at your own risk.