• LOGIN
  • No products in the cart.

Nifty Trade Analysis : Trade the consolidation range breakout 7850-7740

7850 to 7740 is seen as a consolidation range nifty was going through for last few days & today we see nifty is hovering around the top of the range trying to breakout.We'll try to trade this breakout move for a quick & short move using 15 min charts in case it happens.As next layer of resistance is seen around 7970 hence we see a possibility for nifty to reach there after a successful breakout above 7850.Overall nifty direction is bearish & so we'll be looking for price action sell signals once the index reaches 7970 layer of key resistance to trade in-line with overall downtrend.Below is the overall setup chart of nifty & here is the 60min intraday ENTRY CHART analysis.

23.12.2015-1

RELCAPITAL (Daily & Entry Chart Analysis) : 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.


 

1 responses on "Nifty Trade Analysis : Trade the consolidation range breakout 7850-7740"

  1. amber at

    Sir kindly update that how you have taken that overall trend of nifty is down thnx

Leave a Message

top
Copyright @ financialhubindia.com