NIFTY BREAKOUT

1 May 2023

Seems some bullish indications from Benchmark index Nifty some how it is a bit strange for me when the result season is going to over for this quarter and it gives a breakout on the time of profit taking and shuffling of portfolios by smart money on quarterly basis but on the basis of technical I must have to share mine view with community if I found something interesting, this idea almost prepared yesterday but did not able to publish yesterday that is why sharing now, so as you can see on chart it breaks a sloping (falling) trendline resistance of triangle so what has happened before that breakout and what can happen after sharing below 👇👇👇👇

PATTREN BEFORE BREAKOUT (Lower Highs and Lower Lows)


BREAKOUT RETEST (So after breakout of resistance it retested it's breakout trendline too)


CONSOLIDATION AFTER BREAKOUT


BROKE HORIZONTAL RESISTANCE TOO



VIEW WITH RSI



ENTRY (my plan) TARGET AND STOPLOSS-- MUST IF YOU ARE GIVING A LONG TAG FOR ANY IDEA


I am not in a hurry if get it at my wanted price I will take otherwise I will let it go because there mine risk to reward ratio will favor me if it is a breakout..


KINDLY NOTE-: This is not and trade or investment advice. This idea is meant for learning only. Invest your capital at your own risk



𝐑𝐞𝐠𝐚𝐫𝐝𝐬-: 𝐀𝐦𝐢𝐭 𝐑𝐚𝐣𝐚𝐧

2 May 2023

Not

GAP UP TODAY?

2 May 2023

Not

GAP UP FOLLOWING GLOBAL SENTIMENTS

2 May 2023

Not

THIS BREAKOUT WILL LEAD NIFTY, IF HAPPEN

2 May 2023

Not

WAITING FOR GLOBAL CUES

2 May 2023

Not

WEAK GLOBAL CUES CAN CHECK SUPPORT ZONE

3 May 2023

Not

POSSIBLY A MILDLY BEARISH SESSION TODAY, CAN CHECK SUPPORT

3 May 2023

Not

IF FED WILL HIKE RATES MY PLAN COULD WORK

4 May 2023

Not

PRICE TRY TO GO UP, AFTER YESTERDAY FALL

4 May 2023

Not

WHAT A BULLISH MOVE

4 May 2023

İşlem kapandı: hedefe ulaştı

DID MENTIONED TARGET 1 (R1) TODAY

4 May 2023

Not

FRESH VIEW NOW 18191 AND 18071 WILL ACT AS A GOOD SUPPORTS

5 May 2023

Not

OPENING IN SGIVEN SUPPORT ZONE