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travellingtradermumbai

NIFTY1!

Long
S&P CNX NIFTY INDEX FUTURES (NSE:NIFTY1!)  
travellingtradermumbai  
NSE:NIFTY1!   S&P CNX NIFTY INDEX FUTURES
Trend Analysis LONG trade strategy IDEA NIFTY futures intraday positional
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trendanalysis long trade strategy idea nifty futures intraday positional
05-12
Daily chart of NIFTY1!
LTP: 18817.75

Seems like a breakout from the old bullish symmetrical triangle pattern.
Resistance made at 18998.85 (manual).
Supports are at 18004.70 (manual) 17302.15 (200 EMA).
The gap between candles and 200 EMA is uncomfortable but the trend is bullish.
Strategy should be buy on dips.
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