sk_4587

Nifty 50 daily in a Parellel Channel

Long
sk_4587 Updated   
NSE:NIFTY   Nifty 50 Index
hello traders friend
Nifty 50 daily create a Parallels Channel
around 1000 point channel for upcoming days

buy nifty around 19300
stop loss 19100
target 20400

for a upper channel target
Comment:
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
Comment:
thank you for reading my idea
if found any related query allow me to answer
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Comment:
risk reward is very much favorable for buyers
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200 point profit running in this trade
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continious two days mkt back to back zoom with gap up
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short term chart its a perfect reversal point
be alert
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400 point profit running for now in this trade after post
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continuous up on 2 weekly
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previous day support taking from upper trendline
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new 15 range for nifty
Trade closed: target reached
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