theTradingSailor

NIFTY- Long (Analysis only)

Long
NSE:NIFTY   Nifty 50 Index
Can we see any upcoming recovery in the Indian market?
I see some patterns being formed.
Well if this pattern fails I expect it to fall further down even 13500-14000 (Lets hope that doesn't come).

Disclaimer: These are my views only. Its in spot chart, do not be confused and enter directly onto futures blindly without any analysis.

For time being I will wait for a day or maybe even 2 days to see if its getting a support in the present marked grey box (15900-16170).
Once its confirmed will enter futures.
Comment:
I have not yet entered. No bullishness seen yet on a daily chart
Trade active:
Entered @ around 16200 spot. Only one lot entered, will add more lot when/if coming down.
Else will exit at TGT1
Trade closed: target reached:
Tgt1 reached. Exited. This trade completed

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