NIFTY ready for strong upmove
NIFTY just touched the recent low, but RSI is making higher low.
This pattern has strong success rate. On top of that, the last bar in 30 min chart is pin bar, which is also a strong reversal indicator.
Looks like good time to initiate long again, with stop loss below recent lows.
This pattern has strong success rate. On top of that, the last bar in 30 min chart is pin bar, which is also a strong reversal indicator.
Looks like good time to initiate long again, with stop loss below recent lows.
Trade active
Update Stop loss to buy price, carry the long positions.Note
Added more to current long position.Trade closed: stop reached
Stoppped out. Nifty cracked.
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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.
Related publications
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.