Giá lên

Nifty Hourly Breakout of the Consolidation Range

Cập nhật

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
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buy if hourly closing happen above 19750

stop loss 19450

target 20500 for this trade
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Ghi chú

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

Ghi chú

thank you for reading my idea
if found any related query allow me to answer

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if you think this idea is use full
please like and share
also follow and comment your thought about this analysis

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hourly Rsi 14 setup

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hourly Macd Setup

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Hourly Bollinger Band Setup

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hourly Simple moving average setup

sma 200 - black
sma 100 - red
sma 50 - green
sma 20- blue

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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

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and if gap up happens than
Hourly closing above 19750-19775 is our buying entry executed

Ghi chú

On monthly candle setup

its a clear breakout seen

Ghi chú

world mkt specially US mkt is in very much sell mode so that was the only concern

Ghi chú

Still trade not executed
Buying only if Hourly closing above 19750-19775

Ghi chú

still waiting
Buying only if Hourly closing above 19750-19775

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Ghi chú

daily channel

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short term chart its a perfect reversal point

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today hourly chart its a clear and confirmed breakout happens
so for now any dips near 19500-19550 is a buy positional

Ghi chú

finally its a brekout

Ghi chú

any short term dips near 19660 is a also a fresh entry

Ghi chú

as i told previous day Oct 12 update that any where near 19660 is also a fresh entry
for buy

Ghi chú

new 15 min range for nifty

sk_4587

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