Reasons for Trade:
1. Nifty Trading at 0.6 FIB Levels
2. Nifty is at 2024 Elections Breakour Order Block
3. Bullish Divergence in RSI (1hr Time Frame)
4. Nifty is trading at Support Line of Descending Parallel Channel
Suggested Position:
Entry: 23380 + If Nifty Sustains above 23400 Level any bullish Patterns in 15 min or 5 min Time Frame
Stop Loss: 23305
Target:...
There is buyers liquidity above the ORDER BLOCK
Generally Price fluctuates between BUY OB and SELL OB
Possibility, that Market takes buyers SL and reverses from Unmitigated order block
PREFER TO TRADE FUTURES or DEEP IN THE MONEY MONTHLY EXPIRY
Multi Year Break out With Volumes (Weekly TimeFrame)
Retest and Base Formation at 280 levels (Daily Time Frame)
Traingle BreakOut (DailyTime Frame)
Suggested ENTRY:
Entry: 342+ (if 1 Day Candles sustains above 342)
SL 280
Target : 680
