NIFTY day chart analysis - Bullish view

تم تحديثه
NIFTY day chart analysis.
ملاحظة
Reliance AGM and other macro factors are in alignment with my bullish view. So dips and sideways movement should be utilized to go long.
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Happy independence day :)
As mentioned above "dips and sideways movement should be utilized to go long" in forthcoming trading sessions.
One may focus on instruments like Sep-Oct futures, Nifty ETF, Index heavyweight stocks etc (avoid options)
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ملاحظة
SL is 10530
ملاحظة
Made a low of 10637 so far
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Today we hand another opportunity to go long,
ملاحظة
Taking support at the sliding parallel
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Took a strong bounce exactly at the sliding parallel.
One can buy with SL below 10630
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Please use the dips upto 11100-11050 to accumulate
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Trading within a channel

لقطة
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As mentioned on Sep 25th "Please use the dips upto 11100-11050 to accumulate" maintaining a strict SL below 10630
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Weekly candle showing strength.
More bullish move to follow.
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ملاحظة
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Finding resistance at the median line.
Upon a close above the median line we can expect a bigger and stronger bullish move.
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ملاحظة
Booking partial profit at 12030+
ملاحظة
Booked a partial profit of 1000+ points profit so far
ملاحظة
Nifty at support:

Broadening wedge as seen on day chart

لقطة
Chart PatternsTechnical IndicatorsNIFTYTrend Analysis

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