harshahacks

The chart is in "Log scale" Price respecting trendline Confluence:- price nearer to 40 weak MA (200 Day MA )

if positive breakout happens, then we can see 50 to 60 % returns in long run

we may see good move

if it breakout we can see a good move

good risk: reward ration if we trail stop-loss we can get more we expect

momument has been changed and we may see higher highs soon

we can see great move on breaking above trendline resistance

nifty had resistance (R1) at 1935 to 11015 which was formed by Gap created at Feb panic and resistance (R2) at 11137-11170 which was "all-time resistance". we have seen a indecision ( spinning top ) in nifty which was a strong bearish sentiment catalyst but for supporting nifty, we have two small fresh gaps which act as support. we can see old big gap vs new...

NIFTY breakout happened at 10800 it moved two days with gap up but on the third day it failed to move due to previous high and gap acting as a resistance which indicating negative sentiment one question :- was nifty getting ready for retesting or breakout failure may be seen

on positive breakout we can see new highs

on postive break we can see 2115

stoploss below support zone of pattern

good buy on breakout safe buy on retest stop loss can be near 550-560

TOOK 50% SUPPORT

on successful retest we can see a good move

check chart for more details

on positive breakout we can see breakout price plus 260

targets on chart