NIFTY Triangle setup

23 Tem 2022

1. NIFTY this leg up is D of Triangle ABCDE.

2. D is broadly moving in a channel (Green) doing WXYXZ.

3. As long as this green channel is intact, D is running, but possible reversal areas are marked in the chart.

4. After D is over, Leg E will be the trickiest. It can form any pattern, may or may not break C low, etc., but it will at least retrace 0.382 of D.

5. For now the plan is to go NF long at channel low, and book or write CE at channel high.

6. This view is valid till 18114.65.

28 Tem 2022

İşlem aktif

If the green channel is breaking out on the upside, no more sell at channel high, stay long SL green channel low sustains..

Will review at next resistance zone.

6 Ağu 2022

İşlem aktif

Having trouble clearing this resistance zone.
But hold on to long with TSL 17161 now.

12 Ağu 2022

İşlem aktif

Trail Stop loss to 17597

22 Ağu 2022

İşlem aktif

TSL hit, but go long again below 17400, down till 17200, with SL sustaining below 17K.
If 17400-200 level doesn't come, then wait for new high to buy the dips SL whatever low is posted in this down leg.