(Intraday) Long Nifty ! Ascending Triangle Pattern

28 Apr 2020

1. Nifty is still Rising Wedge with inverted Flag Formation. Anytime it can Fall.(Marked in Sky Blue)

BUT.

2. Nifty on 27/04/20 Formed a Ascending Triangle Formation (Marked in Red).

3. The Range of 9300 -9350, Nifty has touched this range almost 12 times and been there longer time in last few days.It has Weaken this supply zone.

4. So, I expect nifty will go long to the edge of the Rising Wedge before Fall Start.

5. Ascending Triangle Break Out Happen: Buy Above 9380 Target 9499 ,9527 ( I think it will Upper Border of Rising Wedge), 9596 SL: 9327

6. If Wedge Break Out Happen: Sell Below :9240 Target: 9177, 9139 , 8913 SL:9274

7. All Above Level are given from the Demand Zone and Supply Zone Created on the Chart.

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28 Apr 2020

Catatan

Buy Only above 9400

28 Apr 2020

Catatan

Update: Long Recommended for 29/4/20. Nifty has form another Ascending Triangle inside Ascending Triangle Pattern,

30 Apr 2020

Trading ditutup: target tercapai

All Buy Target achieved.