Breakout in Fibonacci level on daily charts with an upward trend asks for a bullish trade, with a precaution on retracement in short to mid term.
Disclaimer- For educational purposes, Please consult you financial advisor before an investment in financial markets.
On confirmation of the Inside bar, breakout should be sought in any direction to decide the direction of trade on Indian Blue-chip Index.
Disclaimer- For Educational Purpose only, not an investment advise.
For a upward momentum in nifty it has ton breakout above 16692 levels and give breakout for a rectangle pattern it has created on a 15 min chart. It looks like a result heavy Monday so we would expecting some downside in the index on Monday.
Disclaimer:- This idea is created for educational purposes. Do not invest on this idea, Do your own research or consult...
Disclaimer: This is not a trade advice. This is an analysis for educational purpose. Kindly do your own research or consult your investment advisor before taking any positions in the capital markets.
The Indian mammoth has risen from the ashes of a descending triangle pattern to an ascending channel which presents us an opportunity of a 2.8:1 Risk reward trade...
