Nifty is consolidating inside a symmetrical triangle and trading in range. This indicates indecision and a possible strong breakout on either side.
Key Levels
26,105
25,905
Price is currently hovering near the triangle apex.
Trading Plan
🔵 Bullish scenario
Go long if candle closes above the upper trendline.
Additional confirmation if price breaks and sustains above 26,105.
Target: next resistance zones
Stop-loss: below breakout candle or lower trendline
🔴 Bearish scenario
Go short if candle closes below the lower trendline.
More confidence if price breaks 25,905.
Target: next support zones
Stop-loss: above breakdown candle or upper trendline
Key Levels
26,105
25,905
Price is currently hovering near the triangle apex.
Trading Plan
🔵 Bullish scenario
Go long if candle closes above the upper trendline.
Additional confirmation if price breaks and sustains above 26,105.
Target: next resistance zones
Stop-loss: below breakout candle or lower trendline
🔴 Bearish scenario
Go short if candle closes below the lower trendline.
More confidence if price breaks 25,905.
Target: next support zones
Stop-loss: above breakdown candle or upper trendline
Note
Bullish TradeTarget Done
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.