nifty analysis on daily chart via sma 233

May 2

Hello Trading Viewers

as we can notice clearly that nifty respecting sma 233

for a buyers view
stop loss is just closing below 23847

for a seller view
sell trade initiate if closing below 23847
stop loss is recent high

May 2

Note

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

May 3

Note

May 3

Note

currently price is near 133% from previous wave

May 9

Note

today price is very close to our stop loss so from here our risk reward ratio is very much favorable in buyers perspective

May 10

Note

stop loss for long trade is still safe in this trade

May 10

Note

i am still a pure buyer at this level because risk reward is very favorable at these level

May 12

Note

precise pin point buying opportunity at previous day near 23940 at the stop loss of 23847 only 100 point stop loss there so from there 900 point profit running in one day

May 15

Note

1150 point profit running in such a short time with the stop loss of 23847

Jun 24

Note

1350 point profit running

Jun 26

Trade active

1600 point profit running

Aug 5

Note

24230 next target

Aug 9

Note

what do you think is mkt going to test my level 24230 or not