Nifty Hourly Breakout of the Consolidation Range

29 thg 9, 2023

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
-----------------------------------------------------------------

29 thg 9, 2023

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

29 thg 9, 2023

Ghi chú

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

29 thg 9, 2023

Ghi chú

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

29 thg 9, 2023

Ghi chú

29 thg 9, 2023

Ghi chú

hourly Rsi 14 setup

29 thg 9, 2023

Ghi chú

29 thg 9, 2023

Ghi chú

hourly Macd Setup

29 thg 9, 2023

Ghi chú

29 thg 9, 2023

Ghi chú

Hourly Bollinger Band Setup

29 thg 9, 2023

Ghi chú

29 thg 9, 2023

Ghi chú

hourly Simple moving average setup

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

29 thg 9, 2023

Ghi chú

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

29 thg 9, 2023

Ghi chú

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

30 thg 9, 2023

Ghi chú

30 thg 9, 2023

Ghi chú

On monthly candle setup

its a clear breakout seen

2 thg 10, 2023

Ghi chú

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

3 thg 10, 2023

Ghi chú

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

4 thg 10, 2023

Ghi chú

still waiting
Buying only if Hourly closing above 19750-19775

4 thg 10, 2023

Ghi chú

4 thg 10, 2023

Ghi chú

daily channel

5 thg 10, 2023

Ghi chú

6 thg 10, 2023

Ghi chú

6 thg 10, 2023

Ghi chú

8 thg 10, 2023

Ghi chú

short term chart its a perfect reversal point

10 thg 10, 2023

Ghi chú

10 thg 10, 2023

Ghi chú

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

11 thg 10, 2023

Ghi chú

finally its a brekout

12 thg 10, 2023

Ghi chú

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

13 thg 10, 2023

Ghi chú

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

16 thg 10, 2023

Ghi chú

new 15 min range for nifty