Nifty Hourly Breakout of the Consolidation Range

29 Sep 2023

nifty after a big and fast 1000 point up move starting of september month
and after that there is some side ways time consolidation or retracement happen in last 10 trading session

now what we can see that price breakout of Two different triangle upper trendlines
so my view is here to go Long in to Nifty
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buy if hourly closing happen above 19750

stop loss 19450

target 20500 for this trade
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29 Sep 2023

Catatan

i am not a Certified registered analysist
this is just my observation for practice and learning purpose of chart reading,
Must take advice from your financial advisor before trade

29 Sep 2023

Catatan

thank you for reading my idea
if found any related query allow me to answer

29 Sep 2023

Catatan

if you think this idea is use full
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29 Sep 2023

Catatan

29 Sep 2023

Catatan

hourly Rsi 14 setup

29 Sep 2023

Catatan

29 Sep 2023

Catatan

hourly Macd Setup

29 Sep 2023

Catatan

29 Sep 2023

Catatan

Hourly Bollinger Band Setup

29 Sep 2023

Catatan

29 Sep 2023

Catatan

hourly Simple moving average setup

sma 200 - black
sma 100 - red
sma 50 - green
sma 20- blue

29 Sep 2023

Catatan

into the last one hour of session mkt slip 100 point from top but don;t worry about that all sector indices are in green so next day 100 gap-up possiblity

29 Sep 2023

Catatan

and if gap up happens than
Hourly closing above 19750-19775 is our buying entry executed

30 Sep 2023

Catatan

30 Sep 2023

Catatan

On monthly candle setup

its a clear breakout seen

2 Okt 2023

Catatan

world mkt specially US mkt is in very much sell mode so that was the only concern

3 Okt 2023

Catatan

Still trade not executed
Buying only if Hourly closing above 19750-19775

4 Okt 2023

Catatan

still waiting
Buying only if Hourly closing above 19750-19775

4 Okt 2023

Catatan

4 Okt 2023

Catatan

daily channel

5 Okt 2023

Catatan

6 Okt 2023

Catatan

6 Okt 2023

Catatan

8 Okt 2023

Catatan

short term chart its a perfect reversal point

10 Okt 2023

Catatan

10 Okt 2023

Catatan

today hourly chart its a clear and confirmed breakout happens
so for now any dips near 19500-19550 is a buy positional

11 Okt 2023

Catatan

finally its a brekout

12 Okt 2023

Catatan

any short term dips near 19660 is a also a fresh entry

13 Okt 2023

Catatan

as i told previous day Oct 12 update that any where near 19660 is also a fresh entry
for buy

16 Okt 2023

Catatan

new 15 min range for nifty