Concept: Nifty broke out of its multi-month equilibrium zone on July 3, rallied to 24,531, then saw a sharp retest low of 23,805 on July 8. Today's recovery (+1.02%, close 24,206.90) reclaimed the descending resistance trendline and is holding above the breakout zone, suggesting the retest may be resolving in favor of continuation.
Long Setup
Entry: Above 24,265–24,300 on a sustained move/close
Stop Loss (Invalidation): Below 23,776 (Higher-Low support)
Target 1: 24,531 (Recent High)
Target 2: 24,610 (Prior Major High)
Reasoning: Entry is placed above the breakout-retest zone to confirm buyers have retaken control after the July 8 shakeout. Stop loss sits below the higher-low support, since a break there would invalidate the retest-holding thesis entirely.
⚠️ Caution: Given the ongoing global geopolitical tensions, markets remain vulnerable to sudden headline-driven volatility. It may be prudent to avoid fresh positions until there's more clarity, or size down significantly if you choose to participate.
😄 On a lighter note — we're still working on incorporating a "Trump Indicator" into our technical toolkit to help predict overnight headline risk, but it's not quite ready for backtesting yet!
Conclusion: This setup is contingent on price action confirming above the entry zone — avoid anticipating the move preemptively. Manage position size according to your own risk tolerance.
Not investment advice. For educational purposes only. Please consult your financial advisor before making any trading decisions.
Long Setup
Entry: Above 24,265–24,300 on a sustained move/close
Stop Loss (Invalidation): Below 23,776 (Higher-Low support)
Target 1: 24,531 (Recent High)
Target 2: 24,610 (Prior Major High)
Reasoning: Entry is placed above the breakout-retest zone to confirm buyers have retaken control after the July 8 shakeout. Stop loss sits below the higher-low support, since a break there would invalidate the retest-holding thesis entirely.
⚠️ Caution: Given the ongoing global geopolitical tensions, markets remain vulnerable to sudden headline-driven volatility. It may be prudent to avoid fresh positions until there's more clarity, or size down significantly if you choose to participate.
😄 On a lighter note — we're still working on incorporating a "Trump Indicator" into our technical toolkit to help predict overnight headline risk, but it's not quite ready for backtesting yet!
Conclusion: This setup is contingent on price action confirming above the entry zone — avoid anticipating the move preemptively. Manage position size according to your own risk tolerance.
Not investment advice. For educational purposes only. Please consult your financial advisor before making any trading decisions.
📈 HK Trading Community | Market Structure & Indicator Updates
Telegram: t.me/trendstrike1000
Website: quantumedgepro.netlify.app/
chat.whatsapp.com/E3FM7UZ5Gxo8OFsaRJc9hF
Telegram: t.me/trendstrike1000
Website: quantumedgepro.netlify.app/
chat.whatsapp.com/E3FM7UZ5Gxo8OFsaRJc9hF
Related publications
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.
📈 HK Trading Community | Market Structure & Indicator Updates
Telegram: t.me/trendstrike1000
Website: quantumedgepro.netlify.app/
chat.whatsapp.com/E3FM7UZ5Gxo8OFsaRJc9hF
Telegram: t.me/trendstrike1000
Website: quantumedgepro.netlify.app/
chat.whatsapp.com/E3FM7UZ5Gxo8OFsaRJc9hF
Related publications
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.