Hello guys!
As you can see in the chart price is sustaining above the trendline. Below 42 is the support zone from where price bounces back where 50 ma is also there.
Entry can be taken if candle closes above the resistance which is 60.
SL can be considered below 42, wkly close.
Rest all the details are in the chart.
#Condition for entry: It'll be better to enter in this trade if NIFTY shows some bullish trend or sideways from here. (This condition can be considered for all the new positions)
Disclaimer: This analysis is only for sharing my view and should not be considered as trading recommendation.
As you can see in the chart price is sustaining above the trendline. Below 42 is the support zone from where price bounces back where 50 ma is also there.
Entry can be taken if candle closes above the resistance which is 60.
SL can be considered below 42, wkly close.
Rest all the details are in the chart.
#Condition for entry: It'll be better to enter in this trade if NIFTY shows some bullish trend or sideways from here. (This condition can be considered for all the new positions)
Disclaimer: This analysis is only for sharing my view and should not be considered as trading recommendation.