Nifty 50 | Bullish Bias | Bounce from last resistance zone | 16
NIfty has been bullish and showing buying on every dip.
Buyers stepping in on each levels.
Today Nifty opened flat, started going down and then we saw a bounce again at 18350-360 zone, which was the resistance zone for the range we saw in previous few days.
Entered a long trade at the close of second 15m candle which was itself a hammer.
SL is at 18358. Target is 2R at 18487. Might face a little struggle around 18450.
Have a nice day. Keep risk managed.
Buyers stepping in on each levels.
Today Nifty opened flat, started going down and then we saw a bounce again at 18350-360 zone, which was the resistance zone for the range we saw in previous few days.
Entered a long trade at the close of second 15m candle which was itself a hammer.
SL is at 18358. Target is 2R at 18487. Might face a little struggle around 18450.
Have a nice day. Keep risk managed.
Trade closed: stop reached:
Buyers lost couldn't carry on the momentum and the sellers kicked in.