nifty after a big and fast 1000 point up move starting of september month
and after that there is some side ways time consolidation or retracement happen in last 10 trading session
now what we can see that price breakout of Two different triangle upper trendlines
so my view is here to go Long in to Nifty
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buy if hourly closing happen above 19750
stop loss 19450
target 20500 for this trade
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and after that there is some side ways time consolidation or retracement happen in last 10 trading session
now what we can see that price breakout of Two different triangle upper trendlines
so my view is here to go Long in to Nifty
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buy if hourly closing happen above 19750
stop loss 19450
target 20500 for this trade
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i am not a Certified registered analysistthis is just my observation for practice and learning purpose of chart reading,
Must take advice from your financial advisor before trade
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thank you for reading my ideaif found any related query allow me to answer
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also follow and comment your thought about this analysis
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hourly Rsi 14 setupהערה
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hourly Macd Setupהערה
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Hourly Bollinger Band Setupהערה
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hourly Simple moving average setupsma 200 - black
sma 100 - red
sma 50 - green
sma 20- blue
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into the last one hour of session mkt slip 100 point from top but don;t worry about that all sector indices are in green so next day 100 gap-up possiblityהערה
and if gap up happens than Hourly closing above 19750-19775 is our buying entry executed
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On monthly candle setupits a clear breakout seen
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world mkt specially US mkt is in very much sell mode so that was the only concernהערה
Still trade not executed Buying only if Hourly closing above 19750-19775
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still waiting Buying only if Hourly closing above 19750-19775
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daily channelהערה
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short term chart its a perfect reversal point
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today hourly chart its a clear and confirmed breakout happensso for now any dips near 19500-19550 is a buy positional
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finally its a brekoutהערה
any short term dips near 19660 is a also a fresh entryהערה
as i told previous day Oct 12 update that any where near 19660 is also a fresh entryfor buy
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new 15 min range for nifty
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