○ Breakout with good volume ○ Big green candle during the retest. ○ Ascending triangle pattern formation. ○ Retest is most important time. ○ Taken support in the exact intersection of resistance and support. ○ Nifty could reach 15800 all time high in a short term period ○ Risk to reward ratio is 1.2 and it's great!
*Trade setup*
○ Target - 15800 (Even 16000 with extra risk) ○ Stop loss - 15390
Thank you for viewing my ideas and analysis Let me know through the comment section if you have any doubts or feedbacks.
All the best! Happy trading/investing :)
İşlem kapandı: hedefe ulaştı
Not
Exactly target achieved. 15800 target achieved and then it faced huge resistance. It did not go even a single point higher than my target.
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