Nifty: Chart set up and trading view for Nifty

Nifty
Closing Price 12073

- this is an hourly chart for Nifty

- Nifty has been trading between red parallel lines for most of the time

- it saw an extension on the lower side around 14th November but managed to stay within the broader green parallel channel

- now it is in the extension zone on the upside

Strategy

Look for selling opportunity if Nifty does not breach 12120 on the upside

Target for the current set up 12009 / 11965 / 11880 /11786

Pattern gets invalidated if Nifty closes above 12120 on hourly chart


Take care & safe trading...!!!

تم فتح الصفقة:

On an hourly chart closing is at 12098

تعليق:

Target 1 of 12009 achieved. Nifty made a low of 12006