LiveTradingBox

NIFTY : Possible Breakout strategy (28-Nov-2023)

Long
LiveTradingBox Updated   
NSE:NIFTY   Nifty 50 Index
**Navigating the Market Waves

**Current Nifty Trading Range:** 19830 - 19869 πŸ“Š

Dear Traders,

In the dynamic sea of the market, Nifty finds itself riding the waves between 19830 and 19869, caught in the dance of Wave 2 and Wave 4 in the shorter time frame.

**πŸš€ Intraday Rocket Opportunity:**

If prices launch into positive territory above 19830 and ride the wave for a substantial period, it's time to strap in for a buying adventure! Target the intraday skies of 19900-19930, with a safety net at 19800 to navigate the market turbulence.

**πŸ“‰ Intraday Submarine Dive:**

On the flip side, if prices take a dive below 19869, it signals a potential short trade opportunity. Dive deep for targets between 19712 to 19650, equipped with a stop-loss at 19810 to stay afloat in unpredictable waters.

**πŸ”΄ Deep Red Opening Expedition:**

In the event of a deep red opening below 19700, traders, let's embark on a buying expedition within the 19650-19630 range. Keep your anchors set at 19600 while setting sail for targets at 19712, 19782, and 19800.

Stay sharp, embrace risk management as your compass, and may your trades sail smoothly! πŸŒŸπŸ’Ό

*Happy Trading and Fair Winds!* πŸŒ¬οΈπŸ“Š
Trade closed: target reached:
Level worked well

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