2 Weekly close above big bearish engulfing indicating a big up move.
View purely on technicals, no fundamentals no news has been looked upon.
Buy Nifty (Spot) at cmp 11930 or on dips to 11780-11820 Strict SL - 11650 (Day Closing Basis), PS: if breaks this level on Thursday than sl will be considered on weekly closing basis, Target - 12600
very good analysis on weekly basis. but stop loss is on daily basis. please also provide daily chart for conformation.daily closing is not above bearish engulfing.
VisibleBeer7
⋅
@ckirtane, Hello, yes we should always keep sl short as much as we can, thats why sl if on daily basis, on daily chart nifty has closed above the engulfing candle several times. Will share the daily chart..