The setup is fairly simple.
After a prolonged period of downside movement, I’m expecting a short-covering bounce in Nifty.
My upside target is around 22,965.
However, the key level to watch is 22,600.
For the trade to become convincing, Nifty needs to break and sustain above 22,600 with strong volume. A breakout without volume would not be enough confirmation.
I also want to see Bank Nifty supporting the move, along with favourable global market cues.
So, the setup is:
22,600 breakout + Volume + Bank Nifty confirmation + Supportive global markets = Bullish setup
Target: 22,965
The idea is not to chase the move blindly, but to wait for confirmation that the short-covering rally is actually gaining strength.
After a prolonged period of downside movement, I’m expecting a short-covering bounce in Nifty.
My upside target is around 22,965.
However, the key level to watch is 22,600.
For the trade to become convincing, Nifty needs to break and sustain above 22,600 with strong volume. A breakout without volume would not be enough confirmation.
I also want to see Bank Nifty supporting the move, along with favourable global market cues.
So, the setup is:
22,600 breakout + Volume + Bank Nifty confirmation + Supportive global markets = Bullish setup
Target: 22,965
The idea is not to chase the move blindly, but to wait for confirmation that the short-covering rally is actually gaining strength.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.