NIFTY 50 profitable trades on 1/3/24

١ مارس

Opening: The nifty futures opened almost flat (GAP is the adjustment) and formed a BIG bull bar as the 1st bar indicating a bullish strength which was confirmed as bears weren't able to pullback to the MA even after 20 bars

Mid day and closing: The market behaved like a typical bull trend day closing near it's high

PROFITABLE TRADES:

One good trade which i spotted and took was at around 20 bars after the open whose logic is shown below in the image

1.

HAVE ANY DOUBT RELATED TO THE TRADE ANALYSIS ?
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Till then,
Happy Trading