Nifty Trading Strategy for 11th Feb 2025Buy Signal:
Entry Point: Buy above the high of the one-hour candle that closes above 23490.
Targets: 23522, 23579, 23636
Sell Signal:
Entry Point: Sell below the low of the one-hour candle that closes below 23312.
Targets: 23242, 23185, 23128
Explanation:
Buy Signal:
Entry Point: When the one-hour candle closes above 23490, observe the high of that candle. Place a buy order above this high to capitalize on the bullish trend.
Targets: The first target is 23522, followed by 23579 and 23636. These levels represent potential profit-taking points as the price continues to rise.
Sell Signal:
Entry Point: When the one-hour candle closes below 23312, observe the low of that candle. Place a sell order below this low to capitalize on the bearish trend.
Targets: The first target is 23242, followed by 23185 and 23128. These levels represent potential profit-taking points as the price continues to fall.
Strategy Summary:
Buy: If the high of the one-hour candle that closes above 23490 is breached, consider buying with targets at 23522, 23579, and 23636.
Sell: If the low of the one-hour candle that closes below 23312 is breached, consider selling with targets at 23242, 23185, and 23128.
Disclaimer: I am Not SEBI Registered.
The information provided herein is for educational and informational purposes only and does not constitute financial, investment, or trading advice. Trading in financial markets carries inherent risks, and you should perform your own research or consult with a financial advisor before making any trading decisions. Past performance is not indicative of future results.
