Nifty Hourly Breakout of the Consolidation Range

Aktualisiert
nifty after a big and fast 1000 point up move starting of september month
and after that there is some side ways time consolidation or retracement happen in last 10 trading session

now what we can see that price breakout of Two different triangle upper trendlines
so my view is here to go Long in to Nifty
------------------------------------------------------------------
buy if hourly closing happen above 19750

stop loss 19450

target 20500 for this trade
-----------------------------------------------------------------
Kommentar
i am not a Certified registered analysist
this is just my observation for practice and learning purpose of chart reading,
Must take advice from your financial advisor before trade
Kommentar
thank you for reading my idea
if found any related query allow me to answer
Kommentar
if you think this idea is use full
please like and share
also follow and comment your thought about this analysis
Kommentar
Snapshot
Kommentar
hourly Rsi 14 setup
Kommentar
Snapshot
Kommentar
hourly Macd Setup
Kommentar
Snapshot
Kommentar
Hourly Bollinger Band Setup
Kommentar
Snapshot
Kommentar
hourly Simple moving average setup

sma 200 - black
sma 100 - red
sma 50 - green
sma 20- blue
Kommentar
into the last one hour of session mkt slip 100 point from top but don;t worry about that all sector indices are in green so next day 100 gap-up possiblity
Kommentar
and if gap up happens than
Hourly closing above 19750-19775 is our buying entry executed
Kommentar
Snapshot
Kommentar
On monthly candle setup

its a clear breakout seen
Kommentar
world mkt specially US mkt is in very much sell mode so that was the only concern
Kommentar
Still trade not executed
Buying only if Hourly closing above 19750-19775
Kommentar
still waiting
Buying only if Hourly closing above 19750-19775
Kommentar
Nifty 50 daily in a Parellel Channel
Kommentar
daily channel
Kommentar
Snapshot
Kommentar
Snapshot
Kommentar
Snapshot
Kommentar
Snapshot

short term chart its a perfect reversal point
Kommentar
Snapshot
Kommentar
today hourly chart its a clear and confirmed breakout happens
so for now any dips near 19500-19550 is a buy positional
Kommentar
finally its a brekout
Kommentar
any short term dips near 19660 is a also a fresh entry
Kommentar
as i told previous day Oct 12 update that any where near 19660 is also a fresh entry
for buy
Kommentar
Snapshot
new 15 min range for nifty
Chart PatternsTechnical IndicatorsTrend Analysis

Verbundene Veröffentlichungen

Haftungsausschluss