If NIFTY breaks 12300 mark then it will go to 12600-12800 levels.
This level is already rejected 3-4 times.
The more the resistance test it becomes weak and easy to break.
Keep an eye over Nifty Inverse H&S pattern to for the breakout.
- My setups are just based over the trendlines because every trader have their own strategy which plays out for them.
- Over the higher timeframe the major support line for the Grasim is broken down and retest done.
- Taking a short trade here for 1:5 R:R is good for me. or it's worth to take it.
Taking this trade on futures.
- Triangle Spotted over Indigo Aviation.
- Waiting for Breakout to take long trade and target is 0.618 FIB level.
- Triangle are always 50-50 in term of playout but they give you good R:R to take trade with minimum loss and more profits.
Will Keep update in my telegram channel when it breakout.
Join Out Telegram Channel : t.me
Hero MotoCorp is making bullish diversion over smaller timeframe for now.
Taking a chance by risking 1% capital over the account because if the diversion plays out it will make 6-8% profits with 1% risk.
- HEROMOTOCORP is facing hard rejection from the upper trendline.
- Waiting for this to get breakout for a long buy trade.
- Always identify the fakeout and real breakout before taking the trade.
Join Our Telegram Group for More Script Charts : t.me
Major Trendline over smaller timeframe is breaking down.
Taking a short trade here gives good R:R. (After 15 min candle close below 1557)
Price action looks like temp top established.
Targets are based on FIBS retracement.
Join our Telegram channel for Swing Trade Setups : t.me
1. Looking over Line Chart to find out the patterns.
2. Inverse H&S Pattern Spotted.
3. Break of neckline and it will go 20-30%.
4. Trade the plan long on breakout... Stop Loss Below the Neck Line.
Join out telegram to get regular updates :