JGopinath

Nifty Bounced from 61.8%

Long
JGopinath Updated   
NSE:NIFTY   Nifty 50 Index
Nifty bounced from 61.8% in the shorter time frame. Everything explained in chart.

Also it took support again from the rising wedge support line.
Trade active:
Chance to go long again for target of 16850. Stop as I mentioned in my previous post. Check the same.
Trade closed: stop reached

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.