Nifty has reached it's all time high!
*Trade Confirmations*
○ Breakout with good volume
○ Big green candle during the retest.
○ Ascending triangle pattern formation.
○ Retest is most important time.
○ Taken support in the exact intersection of resistance and support.
○ Nifty could reach 15800 all time high in a short term period
○ Risk to reward ratio is 1.2 and it's great!
*Trade setup*
○ Target - 15800 (Even 16000 with extra risk)
○ Stop loss - 15390
Thank you for viewing my ideas and analysis
Let me know through the comment section if you have any doubts or feedbacks.
All the best! Happy trading/investing :)
*Trade Confirmations*
○ Breakout with good volume
○ Big green candle during the retest.
○ Ascending triangle pattern formation.
○ Retest is most important time.
○ Taken support in the exact intersection of resistance and support.
○ Nifty could reach 15800 all time high in a short term period
○ Risk to reward ratio is 1.2 and it's great!
*Trade setup*
○ Target - 15800 (Even 16000 with extra risk)
○ Stop loss - 15390
Thank you for viewing my ideas and analysis
Let me know through the comment section if you have any doubts or feedbacks.
All the best! Happy trading/investing :)
Trade closed: target reached
Trade closed: target reached
15800 target achieved and then it faced huge resistance.
It did not go even a single point higher than my target.