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NIFTY analysis : Trade the ongoing consolidation range

Price has been trading in a range of 7585-7605(resistance zone) to 7445-7425(support zone) for last couple of days & on Jan-14 we got a sellling opportunity at the range top when price tested the top for 4th time with a taget of range bottom.Since current range is seen followed by a strong sell-off momentum, we'll be looking to sell everytime price reaches the top of this ongoing range.Any breakout above/below this current range will birth a new set of bullish/bearish momentum towards breakout direction & till the range is not broken continue playing between the tops & bottom.

18.01.2016-1


My opened Trades : MEMBER ACCESS ONLY


SUMMARY : READ price momentum context – RECOGNIZE the pattern going on – TRADE the pattern till it ends and to learn it all join me in my ADVANCE TRADING COURSE & trade with me real-time using higher & lower timeframe charts.

PLS NOTE : All chart analysis posted above are the author’s own idea of trading for educational purpose only &  not any form of advice or recommendations or opinion to anyone.

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