Last week was an SL. Let's see this week. I slightly modified the bullish channel to accomodate latest high and low swings. Nifty clearly broke down below channel mid. Hence, I will wait for a retracement and go short till channel bottom. Thank you! PS: Please avoid getting influenced by news, media hype, so called mega events. Market already price every known...
Nifty closed above the channel mid line last week. Hence, unless it falls below this middle line, I won't go short. I will wait for a retracement and go long till the channel top. Again, to remind that I won't take any trade if Nifty doesn't work as per my analysis. Thank you!...
Nifty has broken down the channel and can go to much lower levels. But I will wait for the support near 21750 as shown in the chart plan. A breakdown will give target till 21000 and bounce will give target of 22400. I will not take a trade at any other point and will avoid taking trade if nifty does not work as per my plan. No rush to trade whether nifty suddenly...
I will be trading as per chart plan. Will keep SL on any hourly candle closing above or below mid channel.