TREND ANALYSIS & TRADE SETUP
Follow Chart Instruction.
Do not be Hurry for entry.
Wait for Proper Entry Setup.
Buy/Sell with Best Risk Reward.
Educational Chart Only.
You can Comment and ask the TREND ANALYSIS of any STOCK/SCRIPT/INDEX/FOREX.
Wait for entry setup, if available then Long/short.
R:R is 4-6 times.
Buy Nifty Around ~ 11625 With Stop ~ 11580, Target ~ 11670
Sell Nifty Below ~ 11580 With Stop ~ 11620, Target ~ 11530
Sell Nifty If Gap Up Open Around ~ 11680 With Stop ~ 11720, Target ~ 11630
Short Reliance. Support line at 1500 was broken on 24th jan, retested yesterday and selling seen. We could see a range trading few days at this level. But should short anywhere at 1520-1530, with SL of 1564.
High Probability trade!
Good test of the resistance level.
ICICIBANK likely to go down from here.
STOPLOSS - Little above the resistance are
TARGET - If the move is slow, wait to run for some sessions but if the move is very quick, beware of sharp reversals