NIFTY--@Traingle Breakout??
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NIFTY Index is now at golden zone of fibonacci
we are still left with some more points on the bottom side at 21500-21520 levels...
previously a strong bullishness is observed as well from this zone...
price is also trading narrow in a trendline most chances of breakout from this levels...
wait for the price to break the trendline and retest for longer side...
otherwise a continuation may happens...
on bottom side we have strong support lies at 21300 levels...
keep mark this zone as well,if it will continue downside will look for buy at 21300 levels...
price clears the liquidity at 21600 levels....
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we are still left with some more points on the bottom side at 21500-21520 levels...
previously a strong bullishness is observed as well from this zone...
price is also trading narrow in a trendline most chances of breakout from this levels...
wait for the price to break the trendline and retest for longer side...
otherwise a continuation may happens...
on bottom side we have strong support lies at 21300 levels...
keep mark this zone as well,if it will continue downside will look for buy at 21300 levels...
price clears the liquidity at 21600 levels....
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Nota
its now at trendline...resistance lies above this levels...Nota
Enter long if again breaks and retestNota
otherwise it will test demands...fake out of trendline and trendline liquidityNota
keeping the stoploss above trendlineNota
If consolidation happens more chances of breakout.Nota
if price give an elimination move take small risk and enter long...
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Please Like, Follow and Comment
Also share your thoughts in the comments section.
Thanks for your Support **
--Educational Purpose Only--
--Not SEBI Registered--
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