NIFTY Inside Bar Candle Strategy trade

Nifty 50 IndexNSE

Description

⋅ Sep 4, 2022 1:49 PM

NIFTY has formed a nice Inside Candle day befor eyesterday.

If NIFTY breaks above 17700 :-
Carry forward buy above 17700 for target 17922/18036

IF NIFTY breaks below 17470 :-
Carry forward sell below 17468 for target 17241/17127

Breaks should be on the closing basis of the daily candle OR trade can be taken after 3:00 /3:15 PM if levels are broken.

This is positional trade and can be achieved in 3-4 days after breakout/breakdown. Do Not buy options to make use of this.

Trade active

⋅ Sep 12, 2022 6:12 AM

Trade closed manually

⋅ Sep 14, 2022 12:00 PM

NIFTY will go much higher from here.But advised to close todays' EOD

Trade closed: target reached

⋅ Sep 14, 2022 12:00 PM

Comments

schavan010

⋅ Sep 4, 2022 2:48 PM

Great Setup!

Santosh_A_Chavan

⋅ Sep 4, 2022 2:49 PM

@schavan010, Thanks for your words!

Santosh_A_Chavan

⋅ Sep 7, 2022 3:35 PM

NIFTY is still trading in the narrow range of baby candle - once it breaks out of any it will be huge upside or downside. My bias is towards upside though.