There is strong trendline resistance up front and that too will collapse with opening. BNF can continue to make LH-LL.
Trade plan on gap up: possibility of small pullback before continuing journey towards 36000. Go long after the retest of trendline.
Gap down: this will be a continuation of LH-LL pattern and can be a big fall.
Neutral opening: go long above...
Nice setup for Swing Trade
✳️ Entry Around 303-308
🚨 Stop Loss 288 DCB
🚀 Target 342, 370, 420++
Duration 1-2 quarter
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Time frame Daily
Rsi divergence is seen on daily chart and I have marked the same using arrows. So if nifty breaks the trend line (black line ) then we may see a upside till 14800-15000, 15200
The pattern will get activated only if nifty goes above 14465 and sustains there.
The above idea is my analysis and not a recommendation to buy, sell or hold. I am not...